Podcasts about uk oil

In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley discusses key topics including the collapse of the Green Revolution, the UK's complex stance on oil and gas exploration, and the potential failure of the UK's AI pivot due to resource and industrial challenges. He also covers the merger of Whitecap and Verdin to create a major Canadian oil producer and highlights the growing importance of natural gas as America's top export, particularly under President Trump's trade rebalancing. Turley emphasizes the need for strategic investments in energy and training to navigate these evolving challenges.Highlights of the Podcast00:00 - Intro01:30 - The Collapse of the Green Revolution03:21 - UK Oil & Gas: Too Legit to Quit, Even for Labour05:10 - The U.K. Pivot to AI Is Doomed From the Start07:21 - Whitecap and Veren Merge to Create US$10-Billion Canadian Light Oil Producer08:11 - How Natural Gas Became America's Most Important Export – A Key export for President Trump's rebalancing of trade.11:33 - OutroPlease see the links below or articles that we discuss in the podcast.The Collapse of the Green RevolutionHow Natural Gas Became America's Most Important Export – A Key export for President Trump's rebalancing of trade.UK Oil & Gas: Too Legit to Quit, Even for LabourWhitecap and Veren Merge to Create US$10-Billion Canadian Light Oil ProducerThe U.K. Pivot to AI Is Doomed From the StartFollow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading DeskOil & Gas Investing– Get in Contact With The Show –

The latest from the UK - Oil Tanker Fire & Royals - Joel Dry - 7 NEWS - 11th March 2025See omnystudio.com/listener for privacy information.

As election fever grips the UK, this Commodities Focus podcast looks at the country's oil refineries as they grapple with the fast-changing process of energy transition, including shifting government targets, shrinking diesel demand, the rise of sustainable aviation fuel, and unrelenting competitive pressure from giant refiners around the world. In this new instalment of the Commodities Focus podcast focusing on UK energy policy, Nick Coleman, senior editor for oil news, is joined by managing editor for downstream oil news Robert Perkins, senior analyst for global oil markets Rebeka Foley, and downstream oil news reporter Kelly Norways.  

Once a global powerhouse of crude production, the UK's North Sea region saw its oil output decline accelerate to 12% in 2023, according to official data from the UK's Department of Energy Security and Net Zero. The new figures come as the UAE's Taqa revealed to S&P Global Commodity Insights that it plans to cease production at the Cormorant oil fields in 2024, a key component of Brent grade. In this episode of the Platts Oil Markets podcast: Joel Hanley is joined by Nick Coleman, Senior Editor for Oil News, and Sam Angell, Senior Editor covering the North Sea crude market, to discuss the outlook for North Sea oil production and the latest developments surrounding the global oil benchmark Platts Dated Brent. Content mentioned in the podcast: Infographic: Dated Brent February update  Continue viewing the infographics by subscribing to the S&P Global Platts Connect. Email ci.support@spglobal.com to learn more and subscribe.

This Indicator will Signify a Bull Market in Small Caps Taking Stock Friday 12th January 2024 Companies discussed on “Taking Stock” today:  00:45 JD Sports Fashion #JD.  03:00 & 29:50 Warpaint London #W7L  07:30 Ingenta #ING  09:05 Billington #BILN  09:50 & 31:38 Angling Direct #ANG  10:50 Equals #EQLS  11:10 Cornerstone FS #CSFS  11:30 Cairn Homes #CRN  12:20 Canadian Overseas Petroleum #COPL  12:50 UK Oil & Gas #UKOG  13:10 Predator Oil & Gas #PRD  15:30 Vistry #VTY  17:46 Burberry #BRBY  30:50 Marks & Spencer #MKS  32:10 Hvivo #HVO  33:45 Focusrite #TUNE  37:20 Journeo #JNEO  48:15 Nichols #NICL 49:14 Ensilica #ENSI  50:50 Premier Miton #PMI  Download the FREE Vox Markets app, and receive RNS's via notification, by clicking the link below:  https://www.voxmarkets.co.uk/app

Welcome to "Energy Sector Heroes." I'm Michelle Fraser, your guide in the dynamic world of energy engineering. Our guest, Tony Maplesden, with 40+ years of experience, shares insights from diverse engineering projects. From minor works to multi-million-pound investments, he advocates for collaborative project delivery. Tony's leadership in the UK Oil & Gas industry, including roles as Offshore Regional Chair, offers rich insights.Throughout this series, we'll explore critical project success elements, emphasizing aligned objectives, positive behaviors, and robust relationship cultivation. Post-retirement, Tony shapes the industry, contributing to the ECITB Project Collaboration Toolkit. A fellow of esteemed organizations, he enriches conversations with vast knowledge.Join us for riveting discussions with industry experts and unsung heroes propelling the energy sector forward. This is "Energy Sector Heroes," where experience meets innovation in every enlightening episode, showcasing the intersection of expertise and creativity in energy engineering and construction.

Are UK Small Caps about to get a Boost? Taking Stock Tuesday 21st November 2023 Companies discussed on “Taking Stock” today: 04:35 & 10:05 & 19:00 XP Factory #XPF 06:25 Quantum Blockchain #QBT 07:50 & 23:35 Silver Bullet Data #SBDS 09:25 Ashtead Technology #AT. 11:10 & 13:20 Intercede #IGP 11:58 Asos #ASC 13:00 Warpaint #W7L 19:20 Angling Direct #ANG 20:00 Trufin #TRU 21:05 Poolbeg Pharma #POLB 22:27 Fintel #FNTL 23:20 Wildcat Petroleum #WCAT 23:45 Good Energy #GOOD 24:43 Ilika #IKA 25:26 UK Oil & Gas #UKOG 26:45 Serica Energy #SQZ 27:10 Avon Protection #AVON 29:50 Calnex Solutions #CLX 31:37 RUA Life Sciences #RUA 31:45 Videndum #VID 33:43 Braemar Shipping #BMS 34:35 Light Science Technologies #LST 36:05 AssetCo #ASTO Download the FREE Vox Markets app, and receive RNS's via notification, by clicking the link below: https://www.voxmarkets.co.uk/app

Companies discussed on “Taking Stock” today: Premier Miton #PMI 00:45 & 05:00 Ashmore #ASHM 04:00 & 06:15 Impax Asset Management #IPX 07:00 Watkin Jones #WSG 08:45 Good Energy #GOOD 09:57 Facilities by #ADF 12:09 Halfords #HFD 14:55 Loungers #LGRS 16:06 Rockfire Resources #ROCK 18:52 Kooth #KOO 19:50 Bioventix #BVXP 20:30 Red Rock Resources #RRR 22:06 TomCo #TOM 22:43 Quadrise #QED 23:15 Versarien #VRS 25:50 Bidstack #BIDS 28:42 St James Place #STJ 31:55 UK Oil & Gas #UKOG 34:52 Avon Protection #AVON 35:46 Avacta #AVCT 38:52 Oxford Biodynamics #OBD 41:25 Polarean #POLX 41:50 Upland Resources #UPL 44:20 & 45:05

Fraying Ties: what is the UK oil industry? Professor Bridge explains by Royal Geographical Society (with IBG) Schools

Welcome to this week's News TalkThis is the audio recording of our live group class where Stephanie Marston and David de Jager talk about 3 hot stories in the news and chat with English learners from across the world. This is a really enjoyable way to practise listening to natural English and learn some new vocabulary each week.  Here are a few clues about the stories in this episode:What climate ‘disaster' has the UK government agreed to?How is Amazon Prime Video planning to increase revenue?Why is google celebrating?Join us next week for the latest News Talk. And if you'd like to participate in the live sessions simply create your account at www.perfectlyspoken.com Recorded: 4th September 2023 Join The #1 Way to Learn English Online.Create your account to try our lessons and live practice before subscribing. You only need an email, no payment before or after registration. Give it a go and learn English with expert teachers combining video lessons available 24/7 at all levels (including business English) and live practice (including speaking groups practice)! Start now app.perfectlyspoken.com

Hundreds of new oil and gas licences approved by Rishi Sunak despite global warming. Would renewables would be quicker to roll out? Super-rare ‘Blue Moon' due in August. Nasa to launch free space streaming service. Could GPS predict earthquakes two hours ahead? In this episode:Fraser Stewart from Regen explains why new UK oil & gas licences will take decades to provide energyTwo supermoons to appear in August - culminating in rare blue moonChildren increasingly exposed to e-cigarettes on display in shopsNasa to launch free streaming service featuring live missions and original showsElon Musk reinstates Kanye West's X account British-built satellite successfully returned to Earth in assisted crashScottish island gives scientists ‘head start' for examining rocks from MarsFollow us on Twitter or on Threads. Hosted on Acast. See acast.com/privacy for more information.

Nick Akerman, former assistant Special Watergate prosecutor, discusses the Trump Indictment. Bloomberg Washington correspondent Annmarie Hordern also joins. Aoifinn Devitt, CIO at Moneta, joins the program to discuss markets and investing. Paul Gulberg, Senior Equity Research Analyst with Bloomberg Intelligence, joins to discuss the NASDAQ-Adenza deal. Fernando Valle, Senior Analyst with Bloomberg Intelligence, joins to talk about oil traders defying Saudi Arabia, Exxon and the Dow, and OPEC+ cuts and outlook for WTI. Hans Olsen, CIO at Fiduciary Trust Company, joins the show to talk about sectors he likes in 2023 and how he expects inflation to affect stocks. Jennifer Rie, Senior Litigation Analyst – Antitrust with Bloomberg Intelligence, joins to discuss the latest on Microsoft-Activision. Hosted by Paul Sweeney and Simone Foxman.See omnystudio.com/listener for privacy information.

Top 5 Most Read RNS's on Vox Markets for Wednesday 3rd May 2023 1. UK Oil & Gas #UKOG - Turkey: Pinarova-1 Update UK Oil & Gas announce that Pinarova-1 has reached its final depth of 600 metres below surface. Electric logs over both the 9⅝ inch cased hole and 8½ inch open hole section have been acquired and the delivery of a final log interpretation is awaited. Plans are now being made to run a conventional selective cased hole flow test operation. 2. Prospex Energy PLC - Spain: Project Helios Update 2 Prospex Energy announce that the development of the photovoltaic hybridisation solar project at the El Romeral power plant, known as "Project Helios", which would increase output from the plant by up to 60%, is progressing well ahead of the final investment decision, which is scheduled for consideration in June 2023. 3. Braveheart Inv Group #BRH - Update on investments Commenting on these updates, Trevor Brown, CEO of Braveheart, said: "Shareholders have had to be patient for longer than we had anticipated but with both Paraytec and Kirkstall now making material progress towards the commercialisation of their technologies your directors are optimistic that their patience will be rewarded." 4. Lloyds Banking Group #LLOY - 2023 Q1 Interim Management Statement Statutory profit after tax of £1.6 billion (three months to 31 March 2022: £1.1 billion), with higher net income, partly offset by expected higher operating costs. Strong return on tangible equity of 19.1 per cent Net income of £4.7 billion, up 15 per cent, reflecting ongoing recovery and the higher rate environment Underlying net interest income up 20%, primarily driven by a stronger banking net interest margin of 3.22% in the three months to 31 March 2023, stable on the fourth quarter of 2022, and increased average interest-earning assets. 5. Card Factory #CARD - Final Results Cardfactory LFL revenue growth of +6.7% is underpinned by a strong performance in the core business activity of store-based sales and Everyday card ranges, accompanied by strong trading through the Christmas season. EBITDA of £112.0m (FY22 £85.6m) as the majority of inflationary pressures were offset through a combination of efficiency measures and targeted price increases. PBT of £52.4m (FY22 £11.1m) includes £3.5 million of one-off benefits due to the release of CJRS provision and refinancing of debt facilities.

Top 5 Most Read RNS's on Vox Markets for Monday 24th April 2023 1. Union Jack Oil #UJO - Joint Venture Partner Project Updates Wressle PEDL180/182 · Onshore UK - Wressle oilfield continues to exceed expectations, generating strong levels of revenues and production · Wressle net production increased 55% from 134 bopd to 207 bopd as the field performed better than expected · Wressle now the second most productive onshore UK oilfield 2. Cizzle Biotechnology #CIZ - New Research Agreement with the University of York New 12-month research and development agreement with the University of York Builds on successful outcomes of current research programme on meeting key milestones for monoclonal antibody characterization and assay platform optimization All intellectual property rights arising from the work to be owned by the Company 3. Horizonte Minerals #HZM - Araguaia Construction Update Araguaia Nickel Project Line 1 remains on-schedule for production in Q1 2024 with over 50% of the construction programme completed to date 4. Prax & Hurricane Energy #HUR Explrtn & Prod. - No Increase Statement Prax and Hurricane announced on 16 March 2023 that they had reached agreement on the terms of a recommended acquisition of the entire issued and to be issued share capital of Hurricane. Prax considers the financial terms of the Acquisition to be full and fair. The financial terms of the Acquisition are therefore final and will not be increased. 5. UK Oil & Gas PLC #UKOG - Holding(s) in Company IG Markets Limited have gone from holding 2.97% to 3.16% of the issued share capital.

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3 Companies Rising on Good News for Friday 21st April 2023 1. UK Oil & Gas #UKOG - Turkey: Pinarova-1 oil shows & testing UK Oil & Gas announce that after drilling ahead within the target Eocene Hoya limestone sequence, Pinarova-1 encountered oil shows in drill cuttings from 358 to 400 metres drilled depth. Given these encouraging observations, it has been decided to conduct open hole swabbed flow testing over the zone between 293 and 400 metres drilled depth. Preparations for testing operations are underway. Following testing operations, which are expected to run over the coming weekend, drilling is planned to continue through the underlying zone lying coincident with the uppermost and strongest seismic amplitude anomaly observed within Pinarova's core. 2. Cap10 Partners LLP & Sureserve Group #SUR - RECOMMENDED CASH ACQUISITION of Sureserve Group plc The Acquisition Price of 125 pence for each Sureserve Share represents a premium of approximately: 38.9 per cent to the Closing Price of 90 pence per Sureserve Share on 20 April 2023 3. Network Intnl Hldgs #NETW - Response to press speculation The Board of Network notes the recent press speculation regarding a possible offer for Network by Brookfield Asset Management Limited and confirms that it has received a highly preliminary, non-binding proposal regarding a possible cash offer of 400 pence.

Top 5 Most Read RNS's on Vox Markets for Tuesday 28th March 2023 5. Audioboom Group #BOOM - Director/PDMR Shareholding Audioboom announces that Michael Tobin OBE, non-executive Chairman of the Company, purchased 1,162 ordinary shares in the Company on 27 March at a price of 420 pence per ordinary share. Following this purchase, Michael Tobin holds approximately 4.5% of the Company's issued share capital. 4. eEnergy Group #EAAS - Results for the six months ended 31 December 2022 Revenue up 58% to £15.1 million (HY21: £9.6 million) Adjusted EBITDA (1) up 87% to £1.5 million (HY21: £0.8 million) Profit before tax of £0.4 million (HY21: loss of £1.0 million) 3. UK Oil & Gas #UKOG - Horse Hill Farmout UK Oil & Gas PLC announce that it has executed a conditional binding term sheet with Pennpetro Energy plc ("PPP"), whereby PPP will farm-in to the Horse Hill Oil Field on an incremental production basis via funding the acquisition of 3D seismic and the drilling of the next infill production well. UKOG holds an 85.635% net interest in Horse Hill and the surrounding 142.9 km² PEDL137 and PEDL246 licences located about 2 km north of Gatwick airport. 2. Union Jack Oil #UJO - Interim Dividend Declared The Board declares an interim dividend of 0.3 pence per ordinary share with a London Stock Exchange ex-dividend date of Thursday 6 July 2023, a record date of Friday 7 July 2023 and payment date of 28 July 2023. 1. Contango Holdings #CGO - Lubu Project Operational Update The wash plant construction is now complete ahead of commissioning and the production of coking coal. Refurbishment of the screen, used to sort the coking coal prior to it being fed through the wash plant, is also near completion in Harare and is expected to be delivered to site in early April, with installation immediately thereafter.

Top 5 Most Read RNS's on Vox Markets for Monday 6th March 2023 5. Versarien #VRS - Costain Civil Engineering Project Versarien announce the completion of the construction phase of a civil engineering project being undertaken by the Company with a subsidiary of Costain Group plc. Versarien has been working with Costain to develop designs for, and bring into production, a 3D printed concrete headwall for use in highway construction projects, part of the Digital Roads of the Future Partnership, a collaboration led by the University of Cambridge, Costain and National Highways, of which Versarien is a partner. 4. Horizonte Minerals #HZM - Araguaia Line2 Feasibility Study Contracts Awarded Horizonte Minerals reports that it has awarded contracts for the Line 2 Feasibility Study at its Araguaia Nickel Project. The second line at Araguaia is expected to increase production by 100% to 29,000 tonnes of nickel per year through the construction of a duplicate RKEF processing facility ("Line 2"). 3. IOG PLC #IOG - Blythe H2 well spud IOG plc confirms that the Blythe H2 well was spudded at 3.20am on Sunday 5th March. The H2 well is expected to take approximately three months to drill, complete and hook-up, subject to the usual offshore operational risks to scheduling. 2. Greatland Gold #GGP - 2023 Half Year Results Summary Cash: £59.8 million (30 June 2022: £10.4 million) § Total Debt: £43.5 million (30 June 2022: £43.1 million) § Operating loss (before share-based payments): £3.5 million (H1 FY22: £2.9 million) § Havieron Feasibility Study progressing; focus on value enhancing options § Updated Mineral Resource for Havieron of 85Mt at 2.0g/t Au and 0.26% Cu for a total of 5.5Moz of Au and 222kt of Cu (100% basis), being over 6.5Moz AuEq 1. UK Oil & Gas #UKOG - Turkey: Pinarova-1 drilling update UK Oil & Gas announce that further to its Pinarova-1 release of 1st March 2023, the Company is now in possession of Turkey's General Directorate of Mining & Petroleum Affairs' formal written consent covering the Pinarova-1 exploration well's geological and technical objectives and design. As is customary, GDMPA request that they must receive a notice of intended "spud" date five days before actual drilling commencement, still currently expected to be around the end of March or early April 2023.

Top 5 Most Read RNS's on Vox Markets for Wednesday 1st March 2023 5. Contango Holdings #CGO - Completion of Pilot Coke Plant at Lubu Project Contango Holdings is pleased to advise that construction of a small-scale coke battery has been completed at the Lubu Coal Project in Zimbabwe. Following completion of the pilot plant in February 2023, the Company has subsequently produced approximately 4 tonnes of coke, from a sample of washed coking coal from Lubu. 4. EQTEC #EQT - Update on Deeside project share purchase agreement Further to the Company's announcements, Deeside WTV Limited, a wholly-owned subsidiary of EQTEC, and Logik WTE Limited , a wholly-owned subsidiary of Logik Developments Limited have been unable to meet by the agreed deadline all completion requirements specified under the share purchase agreement signed by the Parties on 07 December 2020. The SPA remains in force and the Parties continue to discuss constructive options for moving forward with development of the Project. 3. UK Oil & Gas #UKOG - Turkey: Pinarova-1 well update Drilling rig secured for new Pinarova-1 shallow oil exploration well. Site construction now expected to start in 7-10 days with an estimated duration of around 14-21 days, given good weather. Drilling to a total depth of around 500-550m to directly follow site completion, currently expected around end March to early April 2023. Dependent on outcomes, expected drilling campaign duration up to 28 days. 2. Canadian O'Seas Petr #COPL - Covenant Waiver and Operations Update Covenant Waiver COPL America has executed a Waiver, with the support of its Lender, pursuant to which the measurement date of its 28 February 2023 liquidity covenant has been extended to 14 March 2023. Operations Update The Company has experienced several severe winter storms at its Wyoming operations from late December to late February. That have impacted the production operations at the Company's Barron Flats Shannon Unit and it's Cole Creek field. 1. Harland & Wolff #HARL - Business Update and Outlook Backlog of confirmed contracted revenues totalling circa £900m, extending over a seven-year period, of which circa £750m is represented by the previously announced FSS contract o Target revenues of £100m - £115m in FY23 o Target revenues of £200m - £230m in FY24 · Cashflow breakeven expected in FY24 · Target Group blended gross margin of between 24% and 27% over the medium term.

Top 5 Most Read RNS's on Vox Markets for Monday 27th February 2023 5. Synergia Energy - Cambay Farm Out and CCS Update Roland Wessel, Synergia's CEO, visited several companies in Delhi and Ahmedabad concerning the Cambay field farm out process. These companies are finalising their due diligence and detailed technical and commercial discussions are ongoing. Synergia is optimistic that a farm out arrangement will be achieved, enabling the commencement of the full field development in 2023. 4. 88 Energy Limited #88E - Hickory-1 Pre-Spud Operations On Track Ice pad construction nearing completion, Mobilisation of the Nordic Calista Rig-2 and operations equipment to commence shortly & Spud of Hickory-1 well on track for early March 2023. 3. UK Oil & Gas #UKOG - Horse Hill Water Reinjection Update UK Oil & Gas announce that, as a necessary precursor to its planned Horse Hill-2z Portland formation water reinjection project, the Company has now installed three, shallow, groundwater monitoring boreholes at its 85.635% owned producing oil field. The water injection programme seeks to improve the field's net earnings by approximately £250,000 per annum by eliminating the substantive costs of tankering and disposing produced saline formation water at distant third-party sites. 2. Vast Resources #VAST - Report on Technical Programme for Baita Plai Mine - Exploration Target for Mineral Resource upgrade and establishment of an Ore Reserve. Vast Resources plc announce the receipt of a Technical Programme Report for its Baita Plai Polymetallic Mine which sets out a plan for a drilling programme for the purpose of establishing an enlarged JORC compliant Mineral Resource and in due course an Ore Reserve for its licence renewal in August 2024. The Report concludes that the fulfilment of the programme will give the Company potential to: Extend the current mine ore zone (Antonio). Justify the opening of a new mining area (Baia Rosie) directly from Antonio Level 15 into the Baia Rosie Skarn. A potential upgrade to the existing Mineral Resource at Baita Plai (Antonio plus Baia Rosie) with the inclusion of a JORC compliant Exploration Target of 11.65-12.65Mtn at 0.98% to 1.69%% Cu, 0.23% to 0.57% Pb, 0.17% to 0.62%Zn. 1. Premier African Min #PREM - Zulu Assay Results Premier African Minerals report on assay results at Premier's Zulu Lithium and Tantalum Project ("Zulu"). These results are from boreholes that are located within the area planned to be mined under operation of the Pilot Plant and will constitute a portion of the Mineral Resource update required to support the DFS. George Roach, CEO commented, "We continue to see good intersections within the main spodumene rich pegmatite that are both encouraging for the long term and supportive of our decision to commence operations with the large-scale pilot plant as we have done."

Top 5 Most Read RNS's on Vox Markets for Tuesday 21st February 2023 5. Revolution Beauty #REVB - Update on FY22 Audit The Board continues to work closely with BDO to complete the audit of the Group's FY22 accounts and is now working to publish these accounts on or around 30 March 2023. The Company will continue to work with its Nominated Adviser towards lifting the suspension of trading in its shares as soon as possible following the release of its FY22 accounts. In addition, the Company continues to work towards the publication of its unaudited interim financial statements for the 6-month period to 31 August 2022, which it intends to issue at the same time. 4. Versarien #VRS - Results for the 18 months ended 30 September 2022 Group revenues from continuing operations of £11.1 million (2021: £5.7 million). Reported loss for the period of £8.4 million (2021: £8.1 million). Cash of £1.4 million at 30 September 2022 (31 March 2021: £2.4 million) & £1.85 million (gross) raised via equity placing post period-end. 3. Bushveld Minerals #BMN - BELCO update following media report Bushveld Minerals notes the recent media report, published in South Africa on 19 February, which referred to the commissioning of the Bushveld Electrolyte Company, South Africa's first vanadium electrolyte factory, having started and the hope to produce 1 million litres of vanadium electrolyte this year. The Company would like to clarify that whilst cold commissioning of the electrolyte manufacturing facility has commenced, hot commissioning and production is, as previously advised, due to be completed in H1 2023. 2. UK Oil & Gas #UKOG - RPS Loxley Gas Discovery Report RPS Energy Consultants completes Competent Person's Report illustrating the potential economic value of UKOG's Loxley Gas discovery, located 9 miles south of Guildford in Surrey. Highlights: Up to £124 million net UKOG mid-case 2C post-tax net present value (at 10% discount rate) & 31.0 billion cubic feet 2C Contingent Resources within UKOG's 100% owned PEDL234 licence 1. Harland & Wolff #HARL - Planning Application – Belfast Harland & Wolff announce that, as part of the £77 million Recapitalisation Plan for the FSS Programme, the Company has now submitted a planning application to extend its fabrication halls at the Belfast Facility. The application submitted is for a 4,997m2 extension to the existing fabrication halls and will facilitate the automated fabrication of panels of up to 16m2 that will be used for the FSS Programme, as well as for multiple projects across all the Company's markets in due course.

Top 5 Most Read RNS's on Vox Markets for Monday 6th February 2023 5. IOG #IOG - Southwark update Dougie Scott, COO of IOG, commented: "The objectives of the A2 remediation were to increase the gas rate via additional perforations and reduce water production by isolating certain zones. Although water rates were significantly reduced, the perforations have not delivered the expected improvement in gas rate. The data acquired from A2 will be pivotal to our re-evaluation of the A1 completion plan". 4. UK Oil & Gas #UKOG - PEDL234 Loxley gas discovery update UK Oil & Gas announce that SGN has confirmed that their Local Transmission System can accept all the potential future gas production from UKOG's 100%-owned Loxley gas discovery. SGN's capacity thus provides a clear route to the wider gas market and the monetisation of Loxley's gas. 3. hVIVO #HVO - £6.8m RSV human challenge contract signed hVIVO announces that it has signed a £6.8m contract with a leading pharmaceutical company based in Asia Pacific, to test its respiratory syncytial virus ("RSV") antiviral drug candidate, using the hVIVO RSV Human Challenge Study Model. 2. Greatland Gold #GGP - Greatland Senior Leadership Appointments Jeremy Meynert brings global mining sector transactional and capital markets experience from investment banking and senior executive roles with Fortescue Metals Group Limited and prior to that with Resolute Mining Limited (Resolute) Simon Tyrrell joins from Northern Star Resources Limited where he led major capital projects from study through to implementation and brings with him over 25 years of operational, engineering and project development experience 1. Vast Resources #VAST - Placing to raise £2,382,500, Baita Plai Update and Director Dealing Vast Resources announces that it has raised £2,382,500 gross through a placing and subscription at a price of 0.55p. The Placing was undertaken by the Company's joint broker, Axis Capital Markets Ltd in addition to participation from Shore Capital Stockbrokers Limited and Andrew Prelea, CEO of Vast Resources PLC.

Top 5 Most Read RNS's on Vox Markets for Wednesday 1st February 2023 5. BSF Enterprise #BSFA - UK's First Fillet of Cultivated Meat Produced BSF Enterprise's wholly owned subsidiary, 3D Bio-Tissues, has successfully produced the UK's first steak fillet of structured cultivated meat in its Newcastle-based laboratory. The fillet of pork was subsequently cooked and eaten by 3D Bio-Tissues' management team. 4. Kefi Gold and Copper #KEFI - Potential Dual Listing in Saudi Arabia The Company has appointed advisers to prepare for a potential dual listing of the Company's shares on the Saudi Exchange, based in Riyadh, in the Kingdom of Saudi Arabia. 3. UK Oil & Gas #UKOG - PEDL234 Loxley gas discovery update The North Sea Transition Authority has granted its consent to a modified PEDL234 Retention Area work programme. The revision will permit the Company to focus licence activities entirely upon the acceleration of the planned appraisal campaign of its material 100%-owned Loxley gas discovery. 2. Argo Blockchain #ARB - Change in Executive Management Following the successful completion of the sale of the Helios facility to Galaxy Digital Holdings on 29 December 2022, Alex Appleton has resigned from his positions as CFO and Executive Director to pursue other opportunities. Argo has engaged an executive search firm to assist with the process of selecting a replacement CFO. 1. Harland & Wolff #HARL - Execution of FSS Subcontract Further to its announcement on 18 January 2023 regarding the execution of the Fleet Solid Support Programme's Manufacture Contract between the Ministry of Defence and Navantia UK Limited, the Company has now formally executed the Subcontract with Navantia UK Limited. Under the terms of the Subcontract, the Company will be responsible for delivering works which are expected to generate revenues of between £700 million and £800 million to the Company by the time the final vessel is delivered.

Top 5 Most Read RNS's on Vox Markets for Thursday 26th January 2023 5. Bradda Head Lithium #BHL - Update on San Domingo Drilling Results Bradda Head Lithium Ltd announces that further to its announcement of 21 November 2022 results from the Company's drilling programme at its San Domingo pegmatite district, due to exceptionally high levels of demand at the assay labs are now expected to be received this quarter. 4. Gulf Keystone Petroleum #GKP - Shaikan Payment Update Gulf Keystone confirms that a gross payment of $49.5 million ($38.8 million net to GKP) has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil sales during August 2022. 3. UK Oil & Gas #UKOG - Meeting with Energy Minister Rt Hon Graham Stuart Discussions included the need for more strategic level energy storage, both natural gas and hydrogen, as a fundamental part of the solution to the post-Ukraine energy crisis, the energy transition and future UK green energy independence. 2. Novacyt S.A. #NCYT - Full Year 2022 Trading Update Group revenue for FY2022 was £21.0m, in line with guidance, compared to £92.6m1 for FY2021, due to the expected decline in COVID-19 related sales. Group EBITDA loss in FY2022 is anticipated to be circa £13.5m 1. Hemogenyx Pharma #HEMO - Placing to Raise £4,056,250 Hemogenyx Pharmaceuticals has raised £4,056,250 at 2.5 pence. The net proceeds from the Placing will be used to facilitate progression of the Company's HEMO-CAR-T product candidate into clinical trials and to enable the Company to continue development of product candidates for the treatment of viral infections based on its Chimeric Bait Receptor platform.

Top 5 Most Read RNS's on Vox Markets for Wednesday 11th January 2023 5. Physiomics #PYC - Contract announcement Physiomics announce that it has entered into a further contract with its existing client Cancer Research UK. 4. Wishbone Gold #WSBN - Acquisition of Tenement Contiguous to Cottesloe Wishbone Gold announce that it has acquired 100% of tenement application E45/ 6456 (Cottesloe East) covering 19 blocks (62km2) in the Paterson Range, Western Australia. This brings the total project area to 50 blocks covering an area of 165km2. This has been acquired by staking the ground for a total cost of A$50,000. 3. Deltic Energy #DELT - Commencement of Well Testing Deltic Energy Plc, is pleased to announce that Shell, the Operator of exploration well 41/05a-2 on Licence P2252 (Shell 65%, Deltic 30%, ONE-Dyas 5% Working Interests), in the Southern North Sea has reported that gas has been encountered in the reservoir and has recommended to the Joint Venture that a full well testing programme be undertaken. 2. UK Oil & Gas #UKOG - Turkey: Operational Update & New Pinarova-1 well Further to the analysis of the Q3 2022 Phase 2 Seismic Programme UK Oil & Gas PLC is pleased to announce that the Resan JV (UKOG 50% working interest) has identified and plans to drill in Q1 2023, a new potential shallow oil accumulation, Pinarova, of some 9 km² areal extent, located 6 km north of the Basur-1 oil discovery. 1. Argo Blockchain #ARB - December Operational Update During the month of December, Argo mined 147 Bitcoin or Bitcoin Equivalents (together, BTC) compared to 198 BTC in November 2022. The decrease in BTC mined was primarily due to the curtailment of mining operations at the Helios facility in Dickens County, Texas.

Top 5 Most Read RNS's on Vox Markets for Friday 14th October 2022 5. Sabien Technology #SNT - Final Results for the Year to 30 June 2022 Sales for the year £0.68m (2021: £0.97m), Loss before tax £0.74m (2021 £0.51m loss) & Net cash balance at 30 June 2022 was £0.33m. 4. Valereum Blockchain #VLRM - Change of Corporate Adviser The appointment of First Sentinel Corporate Finance as Corporate Adviser to the Company with immediate effect. 3. Amigo Holdings #AMGO - FCA approves return to lending It has received approval from the Financial Conduct Authority ("FCA") to return to lending, under certain agreed conditions, with immediate effect. Also as set out in the Company's AGM statement on 28 September 2022, the Board expects to propose a capital raise of approximately £40m 2. Revolution Beauty #REVB - Update on Independent Investigation Tom Allsworth (Executive Chairman) and Adam Minto (CEO) have voluntarily agreed to step away from the day-to-day management of the business for the time being. The Company has appointed Bob Holt OBE as Interim Chief Operating Officer. 1. UK Oil & Gas #UKOG - High Court upholds Loxley planning consent The High Court has rejected legal challenges by Protect Dunsfold and Waverley Borough Council against the Secretary of State's decision to grant planning permission for Loxley, the conventional gas and hydrogen feedstock project in Surrey. Loxley planning consent therefore remains in full force and the Company's plans to implement the project remain unchanged.

Top 5 Most Read RNS's on Vox Markets for Friday 16th September 2022 5. Ncondezi Energy #NCCL - Convertible Loan Finalised Announce the Restructuring of Seritza working capital facility term loan to a convertible loan note. 4. Blue Star Capital #BLU - Directorate Changes Derek Lew is stepping down & Tony Fabrizi, the Company's former CEO, will rejoin the board of Blue Star as Executive Chairman. 3. Contango Holdings #CGO - Thermal Coal Strategy The co believes it can create substantial additional shareholder value by selling thermal coal internationally. 2. UK Oil & Gas #UKGO - Turkey Phase 2 seismic completed Announce that acquisition of the Phase 2 seismic programme over its Turkey Resan licence 1. boohoo group #BOO - Notification of Major Holdings Citadel have increased their holding from 4.77% to 5.37%

If you find this podcast useful please give it a rating and review on iTunes by clicking here 5. i3 Energy #I3E - Interim Report for the 6 Months Ended 30 June 2022 H1 revenue of £101.6 million (H1 2021 £26.5 million), net operating income of £68.8 million (H1 2021 £12.5 million). 4. UK Oil & Gas #UKOG - Successful Placing and appointment of new CFO It has successfully raised gross proceeds of £3.0 million by means of a placing at a price of 0.0875 p & Appointment of new CFO. 3. Greatland Gold #GGP - Funding secured for development of Havieron. Announce the execution of debt and equity agreements to secure up to total of A$340 million in new funding that is expected to enable Greatland to fully fund its 30 per cent share of Havieron into production. 2. Supply @ME Capital #SYME - Inaugural IM transaction executed Announces the execution of its first Inventory Monetisation© transaction executed. 1. Greatland Gold #GGP - Transformational appointments to the Board Australian corporate and mining leaders Mark Barnaba, Elizabeth Gaines and James 'Jimmy' Wilson agree to join the Board of Greatland to help drive its growth and advancement to a leading gold and copper producer.

The big oil and gas companies are thoroughly lubricating themselves with record profits: Britain is about to impose a windfall tax on soaring oil profits and the revenue will go into the hands of people in the UK battered by pricey petrol.... and irrepressible inflation.

Climate-change protesters snarled traffic by blocking four London bridges on Friday, while other activists continued weeks of demonstrations targeting oil terminals across Britain. Cars and red double-decker buses backed up along roads as hundreds of Extinction Rebellion activists occupied London's Waterloo, Blackfriars, Lambeth and Westminster bridges, calling for an end to new fossil fuel investments. The Metropolitan Police force said “pockets of protest” were causing delays and disruption across central London. The demonstrations are part of a growing climate action movement that has also seen the group Insulate Britain obstruct highways and roads to press demands that the government fund more energy-efficient homes. In response, the Conservative government has introduced measures to curb disruptive protests, a move that has sparked debate about freedom of speech. On Friday the government praised oil companies for obtaining court orders to stop demonstrators who have been blocking oil depots. More than 600 people have been arrested over the past two weeks after environmental activists climbed atop oil tankers, padlocked themselves to structures and blocked roads at oil depots across the U.K. The group Just Stop Oil, which is affiliated with Extinction Rebellion, is demanding the government stop any new oil and gas projects. Energy Minister Greg Hands said that “while we value the right to peaceful protest, it is crucial that these do not cause disruption to people's everyday lives.” He said several firms have been granted injunctions that limit protesters' actions and access to sites. Protests continued Friday at sites in southeast and central England despite the injunctions, with dozens of arrests. This article was provided by The Associated Press.

Majid Shafiq, CEO & Graham Heath CFO of i3 Energy #I3E discuss the farm-out of their Serenity oil discovery in the UK North Sea to Europa Oil & Gas #EOG Serenity Farm-out i3 notes the announcement by Europa Oil & Gas Limited ("Europa") (company number 03093716) regarding its agreement in principle to farm-in to the Company's Serenity oil discovery in the UK North Sea and the equity funding it is conducting to fund its farm-in obligations. We can confirm that the farm-in, joint operating agreement and trust deed have been essentially agreed between the parties to enable Europa to acquire a 25% non-operated working interest ("WI") in a sub-area of UKCS Licence P.2358 Block 13/23c (containing the Serenity discovery) by funding a 46.25% paying interest for one appraisal well on the field, whereafter i3 will retain a 75% operated WI in the Block. The well cost is estimated to be circa £14 million and Europa's 46.25% paying interest will be applied up to a capped gross well cost of £15 million. Any well costs exceeding £15 million will be paid by the companies in proportion to their respective working interests. Completion of the deal and transfer of the licence interest to Europa will be subject to the following principal conditions: 1.   Europa funding an escrow account with their paying interest obligation. We note that closing of Europa's equity funding is subject to the approval of its shareholders at an EGM. 2.   Approval of the UK Oil and Gas Authority ("OGA") to the creation of the Serenity area of Block 13/23c as a new block of Licence P.2358 (the "New Serenity Block"). 3.   Consent of the OGA to assignment of an interest in the Licence and New Serenity Block to Europa. 4.   UK National Security and Investment Act approval. 5.   Approval of i3's Loan Note holders of the assignment of the Licence interest. We will make a further announcement should Europa successfully complete its accelerated book-build and when transaction agreements for the farm-out are executed. As previously announced, the Company has been in discussions with a number of potential Serenity farminees and these other discussions remain ongoing and may result in farm-out of additional working interests in the New Serenity Block. Following this farm-out i3 will retain a 100% WI in the remainder of Block 13/23c which contains the Minos High prospect and Liberator discovery.  About i3 Energy i3 Energy is an oil and gas Company with a low cost, diversified, growing production base in Canada's most prolific hydrocarbon region, the Western Canadian Sedimentary Basin and appraisal assets in the North Sea with significant upside.  The Company is well positioned to deliver future growth through the optimisation of its existing 100% owned asset base and the acquisition of long life, low decline conventional production assets. i3 is dedicated to responsible corporate practices and the environment, and places high value n adhering to strong Environmental, Social and Governance ("ESG") practices.  i3 is proud of its performance to date as a responsible steward of the environment, people, and capital management.  The Company is committed to maintaining an ESG strategy, which has broader implications to long-term value creation, as these benefits extend beyond regulatory requirements. i3 Energy is listed on the AIM market of the London Stock Exchange. For further information on i3 Energy please visit https://i3.energy/ The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

Aberdeen has been the epicentre of UK oil and gas - and prospered as a result - since the 1970s. How can a community so steeped in fossil fuels engage successfully with a just transition? Becky and Matt are joined by Prof Tavis Potts from the University of Aberdeen, and Aberdeen Climate Action's Alison Stuart. Find us at www.localzeropod.com

In this week's UK energy market podcast Jeremy Nicholson discusses the government's planned action to support energy users in the UK with Jason Durden, Head of Energy Markets and Risk Management.In this week's Resonance you will learn:The government package. Is it what energy users want? Who will benefit, and who won't?What the market looks like in these unprecedented timesIs there a change in sentiment with warm words from Russia on gas for winter?The challenge for businesses as unsustainable prices and volatility remainsHas carbon cooled?Has oil run out of steam?What's the difference between supply and demand issues for oil and gas?

In this week's pod, in association with Dräger, the team discusses how green groups and a judge combined to give Shell a leg-up in the race to net zero. Did Shell say thank you? Did it heck.  Anyone who read Aberdeen and Grampian Chamber of Commerce's latest oil and gas survey will know that the oil and gas supply chain is already heading in the right direction. But companies could do themselves a favour by setting some emissions targets of their own.  Then Ed, Allister and Mark Axis also dug into a court case between two US oil companies with “far reaching implications” for North Sea decommissioning.  Energy Voice, in association with Deloitte, Fasken and Costain, are delighted to present a virtual event series that digs deeper into the prospects for hydrogen in order to separate the hard facts from the hype. Register today to hear from the experts and join the conversation about hydrogen's future role in the global energy system at trackinghydrogen.com Energy Voice helps organisations understand the geopolitical, economic and financial factors that underpin market events, and give you a view on what's coming over the horizon. As a listener to this podcast, you can get a free trial of energyvoice.com, giving you two weeks of unrestricted access to the latest crucial news and insight. The trial is entirely without obligation – we don't want your credit card, and there's no auto-enrolment at the end. 

Today UK Oil & Gas PLC (London AIM: UKOG) announced that it has signed binding heads of agreement (https://www.share-talk.com/uk-oil-gas-plc-ukog-l-entry-into-turkish-oil-project/#gs.biby4u) with Aladdin Middle East Ltd ("AME"), an independent oil company with 60 years of operational experience in Turkey. To take a 50% non-operated working interest in the 305 km² Resan Licence ("Licence"). UKOG will take an active technical role in a 5-well oil appraisal and step-out exploration drilling programme, which, Covid and weather permitting, is expected to commence this year. We took the opportunity to speak with Stephen Sanderson, UKOG's Chief Executive and let him explain today update and what it means for the company. 

After its recent run, UK Oil & Gas (UKOG) announced the disappointing news on Monday that planning consent had been refused for the Loxley Portland gas appraisal project, then followed through on Tuesday with a hard dose of reality in the form of interim results. Those who had been buying based upon an organised social media ramp saw the share price back to where it started and lost half or more of their investments; those who engaged the rampers to clear the placing stock and warrants had already taken their money.  They’re quite open in last week’s RNS that “raising funds from equity remains the most prudent and only feasible way to fund projects” so further large placings are certain.

After its recent run, UK Oil & Gas (UKOG) announced the disappointing news on Monday that planning consent had been refused for the Loxley Portland gas appraisal project, then followed through on Tuesday with a hard dose of reality in the form of interim results. Those who had been buying based upon an organised social media ramp saw the share price back to where it started; those who engaged the rampers to clear the placing stock and warrants had already taken their money.  They’re quite open in yesterday’s RNS that "raising funds from equity remains the most prudent and only feasible way to fund projects” so further large placings are certain. Brighter news from Predator Oil & Gas (PRD), which updated on its forthcoming drill in Morocco.  The state of emergency there in response to the COVID-19 pandemic is being extended to 10 July, but the rig remains securely stacked in the country ready for mobilisation when circumstances permit.  They’ve also identified a new additional target for the first exploration well.

Interesting first couple of days to the week.   I3 Energy (I3E) announced news which appears to have confused many.  Key point is that the warrant and management option strike prices are being reset to the nominal value of I3’s shares (£0.0001/share), which means that the i3 equity is being deemed worthless.  The Canadian acquisition and any future North Sea activity therefore is of academic interest only now to existing shareholders.  A few well known scammers were pumping I3E recently, trying to get stock away.  If you got caught up in this, note the names and be try to be careful next time. As expected the TomCo (TOM) “short squeeze” ran out of steam and the price has retreated significantly.  Next up here will be a new placing.  I said on Monday that a placing was certain at Canadian Overseas Petroleum (COPL) too and, lo and behold, one was announced on Tuesday morning.  It’s had a good run since it terminated the equity sharing agreement and we’ve seen the same in recent days with UK Oil & Gas (UKOG), which also now is free to move with the convertible loan notes being redeemed.  If you learn anything, it should be to avoid like the plague any companies with death spiral type financing

RockRose Energy (RRE) was hammered on Monday, "closing the gap" from its last pre-suspension price.  Jadestone Energy (JSE) issued strong news, confirming "the business is resilient and expected to generate positive operating cashflow in 2020, even at oil prices below US$30/bbl.  Trinity Exploration & Production (TRIN) confirmed their "operating break-even has consistently been below US$30.0/bbl in all periods since the new management's measures took effect in 2016." South American producer/developer, PetroTal (PTAL), also took a hammering.  It's 2020 capital program is based upon $60 oil.  Baron Oil (BOIL) announced the completion of its £2.5 million placing at 0.1p per share Tower Resources (TRP) managed to get away a £500,000 placing at 0.375p just in the nick of time.  Now, lets see if the first farmee provides proof of funds this month and whether the second one signs up. Solo Oil (SOLO) announced the return of the ONE-Dyas deposit.  Bahamas Petroleum Company (BPC) announced the possible execution of a possible convertible loan note agreement deferred to 15 April, perhaps 15 May. UK Oil & Gas (UKOG) announced the flow of dry oil to the surface as a result of their water shut off programme. Egdon Resources (EDR) announced that the subsurface review of their eastern Humber Basin licences has identified a new low-risk near-field exploration opportunity Union Jack Oil (UJO) has an even larger interest than EDR in these now and announced it's also expecting news during the remainder of Q1 and Q2 in respect of the extended well test at West Newton A-2 Meanwhile, 88 Energy (88E) confirmed the Charlie-1 surface hole is complete to around 3,500 ft. 

I mentioned Baron Oil (BOIL) last weekend and said I thought there would be a fundraising.  The preliminaries for that started on Tuesday with a website update incorporating an old Shell report already in the public domain and, with plenty of misunderstandings and misinterpretations on social media, the share price rose 1,000%.   Touchstone Exploration (TXP) pleased the market with its announcement that the average flow back rate at Cascadura during the final 14-hour test period was 5,180 barrels of oil equivalent per day and the shares enjoyed a strong performance with the company stating that the Cascadura production test results represented a dramatic change for Touchstone. Eco (Atlantic) Oil & Gas (ECO) announced what appeared to some to be a positive reserves report, but in fact it was not.  Oil (TLW) will want to proceed.  Remember, I warned in the blog three weeks ago Tullow’s trading statement and operational update stated that “exploration costs written off Jersey Oil & Gas (JOG) has been weak since its announcement that it had acquired Equinor (EQNR)'s 70% interest in Licence P2170.  Equinor also notified Valeura Energy (VLU) that it intends to discontinue participation in their deep gas appraisal programme. Hurricane Energy (HUR)’s share price decline continued as it announced another operational update.  I was cautioning about HUR towards the end of last year when it was in the low 30s.  It’s now down to 17p. A quick comment about UK Oil & Gas (UKOG) in passing, because I'm asked about it, and that concerns the convertible loan notes, the latest tranche of which were converted at 0.56p.  I also regularly get asked about Petrel Resources (PET), which I mentioned as a favourite several times last year around 1p.  I said it had the potential to 10 bag and it did a lot more than that, rising around 2,500%. I3 Energy (I3E) announced a board and operational update.  Tower Resources (TRP), announced that the survey vessel should be about to complete its boreholes and the Company aims to move to more concrete scheduling of the NJOM-3 well RockRose Energy (RRE) announced  the acquisition of a 100% interest in the Cotton gas field for a limited initial consideration, with the larger part of the consideration becoming due at Final Investment Decision. IGas Energy (IGAS) announced a reserves and trading update.  Compared to a current market capitalisation of £48 million, the independent expert's valuation of conventional assets is around $180 million on a 2P NPV10 basis 

Interesting first couple of days. Eco (Atlantic) Oil & Gas (ECO) announced what appeared to be a positive reserves report, but there was a muted market response.  So it's still down to future drills and the big question now is whether majority partner Tullow Oil (TLW) wants to proceed. I'll make a quick comment about UK Oil & Gas (UKOG) in passing, because I'm asked about it, and that concerns the convertible loan notes, the latest tranche of which were converted at 0.56p Jersey Oil & Gas (JOG) has been weak since its announcement that it had acquired Equinor (EQNR)'s 70% interest in Licence P2170. Part of the reason for that was disclosed with this week's announcement that Richard Griffiths has been selling Tower Resources (TRP) announced that the survey vessel should have completed its boreholes in a few days. RockRose Energy (RRE) announced the acquisition of a 100% interest in the Cotton gas field for a limited initial consideration, with the larger part of the consideration becoming due at Final Investment Decision. Baron Oil (BOIL) announced a website update with publicly available information from reports on the area prepared by Shell in 1998 and 2001 following the drilling of the Chuditch-1 discovery well and the share price went up 250% on the "news." I'll be back on Sunday with the next blog and podcast and if you’re interested in knowing my actual trading ideas and more about what I think of the various companies, then subscribe to the private blog at https://oilnewslondon.com/oilman-jim I think you’ll find it’s worth it. 

It’s been a busy week.  Hurricane Energy (HUR) issued a trading and operational update and addressed the recent share price weakness, confirming that they are not aware of any subsurface, operational or commercial reasons that would have caused such decline. Also operating in the North Sea, Jersey Oil & Gas (JOG) announced the acquisition of Equinor's 70% interest in Licence P2170.  Back onshore, UK Oil & Gas (UKOG) announced that they are bringing HH-1 into production during Spring 2020, followed by HH-2z upon completion of the current extended well test. With the largest upcoming drill net to its interest, Bahamas Petroleum Company (BPC) announced its "Roadmap to Drilling" resulting in some market excitement.  Moving on, Lekoil (LEK) announced that its Otakikpo field is currently producing 2,122 barrels of oil per day net to LEK's subsidiary, LOGL.  Baron Oil (BOIL) returned from suspension; its reverse take over of SundaGas has been terminated. They also have a 15% share of the Corallian prospects, but apart from Reabold Resources (RBD) rabbiting on about a huge discovery, I think everyone else accepts that Colter is dead  Pantheon Resources (PANR), has been issuing some strong announcements, to no end unfortunately since their shares currently are suspended for failing to file their accounts on time.   Prospex Oil & Gas (PXOG) announced a placing of 600,000,000 shares at 0.12p to raise £720,000.  Two years ago the share price was nearly 0.8p, so you can see the value destruction that has gone on here.  In the same category, Coro Energy (CORO) announced the termination of the Bulu PSC acquisition.  CORO is one "person" in James Parson's self-styled "holy trinity," the others being Sound Energy (SOU) and Echo Energy (ECHO).  There's even worse companies than this though.  Anglo African Oil & Gas (AAOG) issued its most positive news in a while, confirming they have enough cash to keep going until the end of March.   Zenith Energy (ZEN), Anglo African's new partner in their Congo field took the opportunity to place again: this time, nearly £1,000,000 at 1.68p.  Whoever listened to those touting it at up to 2.9p recently got shafted.  Another investor favourite, Block Energy (BLOE) finally announced its operations update.  Gas is being flared, so that has no value currently and they're still having to truck away water, which appears to be nearly 80% of their production.  

Quiet Christmas week, but still plenty to comment on.  Starting with the positives, Petrel Resources (PET) is turning out to be the top-performing AIM share of the year.  This was highlighted as a favourite many times in the blog around 1p.  It's now 19.5p, up 1,850%.  There's another one with similar potential in the current issue of the private blog for those who are interested. UK Oil & Gas (UKOG) announced an HH-1 and HH-2z extended well test update.  HH-2z achieved initial rates of up to 1,087 barrels of fluids per day and oil cuts of up to 60% 88 Energy (88E) announced all is on track to drill Charlie-1 in the first quarter of 2020 and Empyrean Energy (EME) is progressing its objective to drill its first well in China during 2020.  Reabold Resources (RBD) also issued news, but since it's the festive season I'll refrain from commenting on this, since I don't want to spend the rest of the day dealing with tweets from angry shills and shareholders. Anglo African Oil & Gas (AAOG), where even its most ardent supporters have now accepted that I was right all along.  Latest is that it wants to sell off 80% of its Congo subsidiary to Zenith Energy (ZEN)  I'll be back next weekend with a full blog and podcast.  In the meantime, I wish everyone all the very best for the New Year 2020. 

It was another interesting week.  Getting the bad news out of the way first, Hurricane Energy (HUR) announced a disappointing well result and the share price fell around 25%.  I mentioned HUR two weeks ago as a gamble for those who prefer to ignore what I say about only going for the "certainties," the small number of shares each year which, absent a "black swan" event, look virtually certain to perform.  Hurricane also illustrates the law of diminishing returns as a company develops and requires more capital.  It's now trading below the 34p placing price three years ago. A further North Sea focussed company, I3 Energy (I3E) confused many people with its two RNS announcements on Friday.  The first RNS announced that "it is expecting to complete the subscriptions for 14,285,715 new ordinary shares in the Company at 35 pence per share...and expects the admission of the new shares to be on or around 9th December"  Unfortunately, certain social media posters either ignorantly or deliberately ignored the first part of the announcement stating that it was "further to its announcement of 8th November," before the latest Liberator well disappointment.  This subscription in fact was nothing new.  The second RNS announced the receipt of the funds exactly as expected and in line with the legally binding agreements announced on 8 November, thus again nothing new.  This, however, was spun by certain parties into a post Liberator fundraising at several times the market price. Even more seriously misrepresented was I3E's statement that "BP Oil International Limited, funds managed by Lombard Odier Investment Managers group, and James Caird Asset Management...all took up their contractual rights to be granted warrants to subscribe for new ordinary shares in the Company...at an exercise price of 40 pence per share."  The spinners falsely interpreted this as BP at al. actually exercising their warrants and paying 40p per share.  The truth is that these were simply free extra warrants granted to these parties, pursuant to the terms of earlier agreements.  They didn't pay anything. Overall, I3E ended up 52% on the day and, absent any meaningful news next week, it's going to come back down.  Problem here is people relying on a tweet rather than reading the RNS themselves, or reading the RNS and not understanding it.  As I've said before, be careful whose tweets you believe. Another one operating in the North Sea is Cluff Natural Resources (CLNR).  I highlighted this at 1.325p last weekend and some strong buying came in Monday.  It turns out partly to have been well known oil company investors, David and Monique Newlands, who've bought 3.1%.  Still well below the last 1.75p placing price, it's one to think about. UK Oil & Gas (UKOG) announced an 0.85p placing and the share price has fallen back into the 0.90s.  They need extra cash since their co-venturers at Horse Hill (principally Alba Mineral Resources (ALBA))  are considered unlikely to contribute their 14.365% share of current cash calls.  Short-term, the UKOG share price is going to come down to the results of the extended well test and the quantity of shares sold by the convertible loan note holders, plus of course the new placees. Angus Energy (ANGS) now is talking about paying dividends to shareholders.  Sadly, there's a long way to go to achieve that; all they actually announced last week is OGA approval for the transfer of the Saltfleetby licence and the appointment of an operator.  Big question is, when/if they do get to the point of production and sale, will the company at the plc level actually operate profitably?  And then there's the tedious formality of clearing off the £6,226,000 accumulated loss first before they can legally pay any dividends.  Remember, someone paid Angus £2.5 million to take Saltfleetby off their hands and they knew what they were doing. Echo Energy (ECHO) updated regarding its South American assets.  Santa Cruz Sur is producing 587 barrels of oil and 11.96 million cubic feet of gas per day net to Echo's interest.  Further upside could come from the Campo La Mata x-1 well currently being drilled and the upcoming Campo Limite exploration well.  Like Angus, the issue is can they ever actually operate profitably at the plc level and return money to shareholders. Stablemate Coro Energy (CORO) announced the disposal of its Italian assets to Zenith Energy (ZEN) for £400,000 payable in new ZEN shares issued at more than double the market price.  Theoretically, there's a further payment if a certain production target is met, but that's far from certain.  I think it's a good deal for Coro, who probably correctly viewed the "assets" as liabilities and it gives Zenith something to talk about for no cash.  It's quite interesting to read and compare the perspectives in the two RNS announcements. Providence Resources (PVR) announced a leadership change.  Tony O'Reilly has stepped down as CEO with immediate effect.  His position had become untenable after the Barryroe fiasco when the funds failed to arrive and the board now is looking to identify and recruit a replacement.  It's difficult to see where this goes now in the current environment, but it's an interesting one and always worth keeping an eye on. Reabold Resources (RBD) announced an increase in its shareholding in Danube Petroleum to 51%.  The problem is that none of these investments have yet been shown to achieve any return and the share price is back down to where it was two years ago, well below the price of recent fund raising exercises.  I've been critical of this one for some time and others are now starting to see the problems too.  If RBD want to retain credibility they're going to have to disclose production numbers and I'm not sure they're going to be sufficient to satisfy the market. On a more positive note, Red Emperor Resources (RMP) is back in business.  It's signed an option agreement to acquire a large scale Perth Basin oil play in Western Australia.  Unfortunately, it's not particularly exciting since they're only talking about acquiring 3D seismic in order for drillable prospects to be matured.  They do, however, say that they are continuing to identify and evaluate additional projects that can potentially provide relatively near term, high impact drilling opportunities.  With this one, that's what to look out for. Now, if you’re interested in knowing my actual trading ideas and want to read a more critical assessment of some of these and other companies, then subscribe to the private blog at https://www.oilnewslondon.com/oilman-jim For those who are not familiar with me, I focus exclusively on small cap oil and gas companies and know this sector inside out.  I have been involved in the stock markets (both UK and US) since the early 1980s and understand exactly how the finance and promotion game works.  I also have many years’ operational and corporate experience in the oil business, which enables me to see very quickly whether or not these companies are telling the truth.  I share my take on companies and the markets and, as those who follow me know, I’m rarely wrong about these matters.

  An interesting start to the week. Getting the bad news out of the way first, Hurricane Energy announced a disappointing Warwick West result and the share price fell around 25%. I mentioned HUR 10 days ago as a gamble for those who prefer to ignore what I say about only going for the "certainties," the small number of shares each year which, absent a "black swan" event, look virtually certain to perform. Hurricane also illustrates the law of diminishing returns as a company develops and requires more capital. It's now trading around the same price as the 34p placing three years ago. UK Oil & Gas disappointed investors with an 85p placing and the share price has fallen back into the 0.90s. They need extra cash since their co-venturers at Horse Hill (principally Alba) are considered unlikely to contribute their 14.365% share of current cash calls. Short-term, the UKOG share price is going to come down to the results of the extended well test and the number of shares sold by the convertible loan note holders, plus of course the new places. Echo Energy updated regarding its South American assets. Santa Cruz Sur is producing 587 barrels of oil and 11.96 million cubic feet of gas per day net to Echo's interest. Further upside could come from the Campo La Mata x-1 well currently being drilled and the upcoming Campo Limite exploration well. Whether they can ever actually operate profitably and return money to shareholders is another matter entirely. Stablemate Coro Energy announced the disposal of its Italian assets to Zenith Energy for £400,000 payable in new ZEN shares issued at more than double the market price. Theoretically, there's a further payment if a certain production target is met, but that's far from certain. I think it's a good deal for Coro, who probably correctly viewed the "assets" as liabilities and it gives Zenith something to talk about for no cash. It's quite interesting to read and compare the perspectives in the two RNS announcements. The only issue is will the Italian Ministry of Economic Development approve the transfer? On a more positive note, Red Emperor Resources is back in business. It's signed an option agreement to acquire a large scale Perth Basin oil play in Western Australia. Unfortunately, it's not particularly exciting since they're only talking about acquiring 3D seismic in order for drillable prospects to be matured. They do, however, say that they are continuing to identify and evaluate additional projects that can potentially provide relatively near term, high impact drilling opportunities. With this one, that's what to look out for. Going back a few days, I highlighted Cluff Natural Resources at 1.325p over the weekend and some strong buying came on Monday. It turns out partly to have been well-known oil investors, David and Monique Newlands, who've bought 3.1%. Still, well below the last 1.75p placing price, it's one to think about. Now, on Friday 27 December, I'll be sending out a special edition of the private blog highlighting the companies with potentially transformational events coming up in 2020. You may wish to have a copy of this and if so you can take advantage of a first month trial subscription to the private blog for just £23.75 at https://www.oilnewslondon.com/oilman-jim You'll also receive all the usual weekly content including my actual trading ideas with full reasoning, plus all the other interesting material which can't be published here. The subscribe link is also on my Twitter profile page. I'll be back at the weekend with the full blog and podcast. The next private blog will be sent out tomorrow. 

  lt turned out to be quite an exciting week. Global Petroleum (GBP) announced a new prospective resources estimate of 964 million barrels of oil for its petroleum exploration licence 94 in Namibia. One reservoir is estimated to have best estimate unrisked gross prospective resources of 772 million barrels of oil with a 15% chance of geologic discovery. It's worth a go, yet at the same time it's worth nothing to them unless they can drill it, which will require either a farm-out or a large financing. News of that is still awaited. Regal Petroleum (RPT) announced a memorandum of understanding to acquire licences in the Ukraine with estimated oil initially in place of approximately 675 million barrels. They intend to appraise the licences with the drilling of up to three wells. Existing 3P reserves for RPT currently are estimated at 3.89 million barrels of oil equivalent, so this transaction, if it proceeds, could represent a very significant uplift. Generally I'm cautious about companies operating in the former Soviet Union, but this now is one to keep an eye on. More bad news for Providence Resources (PVR) unfortunately. TOTAL have withdrawn from the licence containing the "Avalon" prospect. And there's still no news of a replacement farm-in partner for Barryroe, so the share price just continues to drift lower. Another Dublin company continues to go in the opposite direction. Petrel Resources (PET) pushed on with its remarkable journey higher, hitting 26.5p last week, up 2,550% from the 1p price at which I stated it as a favourite several times earlier this year. More companies like this in the private blog if you're interested. Cluff Natural Resources (CLNR) announced that it has submitted multiple applications for additional licences in the latest 32nd UK Offshore Licensing Round. Interestingly, one has been made jointly with an established international operator (I would guess Shell). The blocks applied for contain a number of drilled discoveries, undrilled prospects and leads, which will create a strong pipeline of future drilling opportunities. They say they're making significant progress on the existing portfolio, in particular the licences which Shell farmed into earlier this year, and they're now working towards a firm well commitment on Selene and Pensacola. With a £19 million market cap and a £15 million fundraising completed over 30% higher than the current 1.325p share price, it's certainly one for the watch list. Their farm out process on the Dewar prospect has generated significant interest and announcement of the completion of this could act as a catalyst. UK Oil & Gas (UKOG) announced the completion of HH-2z. Extended well test operations are expected to start next week. Stephen Sanderson, UKOG's Chief Executive, is "confident that the 2,500 ft of permeable Portland sweet-spot reservoir section, 70 times that seen in HH-1, can deliver significant rates." What I think we can be confident of is that UKOG will issue the most positive press releases possible. Where this goes now though is very much going to be a function of how much the convertible loan note holders sell. PetroTal (PTAL) announced a drilling and production update, providing an increased 2019 exit oil production rate of 11,000 - 13,000 barrels a day. They will complete new production facilities towards month end, increasing capacity to 10,000 barrels of oil per day, but expect that the facility will be able to handle in the order of 15,000 barrels per day. This is the first “forward looking” RNS that the company has issued and some are expecting a placing, but let's see. Union Jack Oil (UJO) finally announced its placing. £5 million is being raised at 0.15p. They and Reabold Resources (RBD) now are funded for two further wells at West Newton, which are expected in the second quarter of next year. The interesting mystery here now is what is going to happen with Humber's share. Independent Oil & Gas (IOG) announced that henceforth it will be known simply as IOG. The aim is to have a new identity and hopefully put behind controversial associations of the past. It's another one to keep an eye on and once the many loose shares in issue have found more permanent homes, it should start to work its way higher. 88Energy (88E) announced completion of the farmout with Premier Oil (PMO) and approval of the plan of operations for Charlie-1, which is expected to be drilled in February next year. The gross mean prospective resource across the seven stacked targets to be intersected by Charlie-1 is 1.6 billion barrels of oil (480 million barrels net to 88E). Bahamas Petroleum Company (BPC) now is trying to raise funds from locals to finance next year's drill via the creation of a Bahamas-domiciled mutual fund that will exclusively hold BPC shares. It's quite a novel approach and I imagine people could be interested. It will be fascinating to see how this goes and I'm sure many other companies will be interested in the outcome. I3 Energy (I3E) announced another disappointing well result, but many obviously knew about it in advance of the market. I said on Wednesday that this one is a rigged deck and unless you're an experienced trader I would suggest leaving it alone. The share price continued to collapse again on Thursday prior to a further announcement of the conclusion of its 2019 drilling campaign (people had been led to believe there might be a fourth well). I now view this as uninvestible. Longboat Energy (LBE) listed this week. Essentially it's a cash shell looking for a deal. Could be interesting and I'll be looking into it further. Another one that appears to be entering the oil and gas space is MetalNRG (MNRG) which announced the signature of an exclusivity agreement to acquire 75% of an established operating company based in Romania, which owns 100% of an oil and gas concession. No details on this yet, but as they become available I'll share my thoughts. Finally, Egdon Resources (EDR) announced licence extensions covering the Resolution gas discovery where a Competent Persons Report by Schlumberger reported estimates of mean contingent resources of 231 billion cubic feet of gas. They announced earlier this month an exclusivity agreement regarding these licences with a large internationally recognised exploration and production company and they have until 31 January next year to demonstrate to the Oil and Gas Authority's satisfaction that a farm-in agreement has been fully executed which provides for funding of the licence work programme. It's potentially interesting if they can pull this off. In closing, if you'd like to know my trading ideas (and as those who follow me know, I'm rarely wrong), then subscribe to the private blog at https://www.oilnewslondon.com/oilman-jim The link is also on my Twitter profile page. 

  The interesting second half to the week. Petrel Resources (PET) announced that the issue of new shares to friends and business acquaintances of the new control parties has been approved. It is anticipated that a flow of potential investment proposals now will be offered to the company. I suggested Petrel and stated it as favourite numerous times around 1p earlier this year (see https://oilmanjim.blogspot.com and numerous posts on Twitter) and it closed at 8.75p yesterday, up 775%. There are more shares with this sort of potential in the private blog. James Parson's "Holy Trinity" had a busy week. Echo Energy (ECHO) announced the commencement of drilling of the CLM x-1 well. This is the first of an expected four-well exploration drilling programme. It's expected to take approximately four weeks, plus a further five to six weeks if logging supports completion. Maybe, at last, they will have success, but so far at ECHO it's been the only failure. Now 2.95p, it's down from 17p . Coro Energy ( CORO) updated on operations at the Tambak-1 well. This was designed to both appraise the Mako gas field and test the underlying Tambak prospect. Appraisal success was a given, but the exploration failed and the shares fell to 2.2p. Sound Energy (SOU) had earlier in the week announced the approval of the environmental impact assessment for a 2D seismic acquisition programme, but the directors' hearts simply are no longer in it. None of their names was stated anymore in the RNS and the only contact for the company was an email address. I've been critical about all three companies for some time and have been calling SOU down since last year when the price of their so-called "golden tickets" was over 10 times higher (again see https://oilmanjim.blogspot.com and posts on Twitter) , but it still has a market cap of nearly £40 million and plenty of room to fall further . Eco (Atlantic) Oil & Gas (ECO) recognised the market reaction to their last announcement on the oil quality discovered at Jethro and Joe, and the partners are considering alternatives for further drilling and testing. Crucial will be the further update on the partners' drilling plans for next year to be made in January 2020. I stated ECO as a favourite several times around 80p (see yet again https://oilmanjim.blogspot.com and posts on Twitter) and it subsequently went to nearly £2. ECO is a prime example of why you should never fully believe any of these companies - and always take profits or de-risk. This is a permanent statement in the blog and I really can't emphasise the importance of this enough. For those who like a gamble (and prefer to ignore what I'm about to say below), Hurricane Energy (HUR) announced the commencement of drill stem testing on the Warwick West well. They will provide an update on initial results of the well, including flow rates and oil type, following completion of this test. Rumour is that they’ve a hit a huge pay zone and odds of a successful test are probably better than evens. Currently, 44.34p, parameters to look at are a 52 week low of 37.84p and a high of 64.5p. UK Oil & Gas (UKOG) too is currently testing, in its case an extended well test of HH-2z. I feel sure they're going to have lots of positive announcements to put out. Moving on to the subject of making money in the markets, on Wednesday I detailed some of the changes which have come about with advent of social media and concluded with five main points: First, know where the company is in its operational, financing and promotional cycle. Understanding that unlocks the door to market success, since by entering at the right point you'll always be buying into upward moves. And this is key. Second, only go for the certainties, even if that just means just 10 or so trades a year. Profits are worth nothing is they're wiped out by losses, the losses have to be eliminated. One of the most important lessons is that it is not just about the shares you buy, even more importantly it's about the shares you don't buy. You need to control yourself and go only for the certainties, the small number of winners each year that are virtually guaranteed. Only buy when you're absolutely certain and don't let it bother you if you miss a few. Third, conviction. You must have that so you don't get shaken out of the position. Fourth, position sizing. No position must be so large that it stops you sleeping at night and fear shakes you out. Choose a position size where even if it goes to zero, you won't be too badly hurt. Fifth, always de-risk as the price rises, or take profits completely. End upholding the position for free and ride it if you want, but remember that ultimately, these companies' business projects usually fail. Now, although it's enjoyable and interesting to participate, social media isn't going to help you much with any of above, but since it's such a big source of information for people now, let's stay with the subject for the moment. I think that anyone new to the market who joins Twitter must find it quite daunting. Thousands of unknown stock symbols and tens of thousands of unknown people (or perhaps let's say accounts) commenting on them. They've no idea who even to follow and no idea at this stage whether their comments are bona fide or bogus. I'm not going to name any names here (that's for the private blog), but it might be useful to broadly describe the various different groups. First, those with good market knowledge, who have no particular agenda, but enjoy commenting and stating their opinions. This is the group you should try to follow. They do not depend on you buying the shares they mention. Second, those with good market knowledge, who do have an agenda, but this agenda is possibly only visible to the first group. These ones are very dangerous for your pocket. They will try to inveigle you into buying shares that result in a direct financial reward for them, either by selling you their shares at a higher price than the price at which they bought them, or because they are being paid to promote the stock. Needless to say, these shares are rarely the best. Third, those with limited market knowledge, but no agenda. Harmless, but they're generally just repeating the views of the first and second groups without discernment, although when they repeat the misrepresentations of group two, that's usually in good faith. They are generally unable to see the difference between groups one and two. Fourth, those with limited market knowledge, but an agenda. Group two hanger ons, or subalterns, they're minor pumpers and promoters, who become unpleasant when their line is challenged. They have no answers or proper responses, since they have no actual knowledge, and generally they have to resort to ad hominem attacks. Fifth, those with no market knowledge, who are seduced by the promises and misrepresentations of groups two and four. This is the largest group and feeds groups two and four. The most money is made by groups one and two, although group one probably sleeps better at night. Group three hovers around break even. Group four makes a little money, but no huge rewards. Group five lose most of their cash quite quickly. If you do just want tips, then you need to make sure it's only the people in group one you're following and ignore completely the other four groups. The problem you've got is that all you're going to get is a throwaway line with none of the detailed reasoning and without that you're not going to know why you hold the share other than because someone else does and you're not going to have the essential conviction needed to hold and not be shaken out. I'll move on to the third part next week when as usual there will be a mid-week podcast and both a podcast and a blog at the weekend. If you're interested in knowing my actual trading ideas and want to read a more critical assessment of some of these and other companies, then subscribe to the private blog at https://www.oilnewslondon.com/oilman-jim 

  It’s been an interesting week, with some very good news and some very bad. To start off, Savannah Petroleum (SAVP) was able to announce that, at last, it has completed the Seven Energy transaction. This now gives Savannah a material producing asset base to complement its Niger exploration and development assets, in respect of which it aims to recommence activity in 2020, with expected delivery of first oil from R3 East and a multi-well exploration drilling campaign. This was financed by institutions two years ago at 35p per share and I expect to see the share price now start to work its way up from the current level of 26p. Reabold Resources (RBD) and Union Jack Oil (UJO) advertised upgraded potential volumes at West Newton in a pre market RNS first thing Monday morning and spiked the early buyers. Union Jack slid down from nearly 30p to under 20p by the end of the week and the coup de grace was delivered just after market close on Friday when it announced that it is in the process of taking market soundings from investors in regard to an equity placing of up to £5 million. Investors are not happy and are hoping that it’s not below the last placing price of 17p. More on what’s going on here in the private blog. Amerisur Resources (AMER) announced a recommended cash acquisition by GeoPark Colombia. Each Amerisur Shareholder will receive 19.21p cash per share. It’s less than people were hoping for, but significantly higher than the 12.1p price at which the shares were trading before bidding opened. It’s also a small profit for those who bought in the 17s and 18s over the last few months. The board undoubtedly tried for a better price (directors and institutions were in much higher) but South America is not the best place to be right now unfortunately. Anglo African Oil & Gas (AAOG) reported that it has entered into a rig option agreement, but the rig might not be available until 30 March 2020. Unfortunately, November turned out to be the date for a rig agreement, not the rig arriving as investors had hoped. The problem for them though is that paying for the drill depends on Riverfort selling shares at a higher price than now and how does that situation come about? Slippery language isn’t working anymore for these companies and I see only one way for the Anglo African share price now, which is to decline further. I’ve been warning about this one all the way down from just under 20p and the shares hit an all time low of 2.4p on Friday. On a brighter note, UK Oil & Gas (UKOG) announced the successful completion of its Horse Hill horizontal drill. A total of approximately 2,500 ft of horizontal trajectory was drilled within the reservoir’s most oil productive zone, which gives around 70 times greater exposure than in the vertical discovery well. This is why HH-2z is capable of delivering significantly greater flow rates than those seen in the vertical well. HH-2z is now being prepared for an extensive extended well test, which is expected to commence in the coming weeks and I expect to see some impressive numbers being reported here soon. Sound Energy (SOU) announced that James Parsons and Simon Davies have confirmed their decision to leave the Company. This follows on from the announcement that the CFO is leaving and not being replaced. Last week’s announcement was deliberately drafted to make people think the sale of the Morocco assets is a certainty. So, it’s the end game here now and it appears that they’re trying one last ramp before lights out. Interesting developments at Cadogan Petroleum (CAD). Requisitioning shareholders had an overwhelming majority (93.08% to 6.92%) at the general meeting, thus Adelmo Schenato and Enrico Testa have been removed as directors of the Company with immediate effect, Fady Khallouf, Lilia Jolibois and Jacques Mahaux have been appointed to the board, Zev Furst has tendered his resignation as a director, Fady Khallouf is succeeding Guido Michelotti as CEO of the company and Michel Meeus, a non-executive director of the company and one of the requisitioners, has been appointed as chairman. One of the complaints against the old board is that the company has continuously underperformed and the company’s share price has not materially improved in recent times. The market capitalisation is £13 million and net assets (including around $14 million cash) are nearly $52 million, so there is significant upside here. Eco (Atlantic) Oil & Gas (ECO) announced an update on the initial analysis of the Jethro and Joe wells and the share price more than halved. This is a prime example of why you should never fully believe any of these companies – and always take profits or de-risk. This is a permanent statement in the blog and I really can’t emphasise the importance of this enough. All I can say in this case is that it is inconceivable that Tullow Oil (TLW) and hence ECO did not know it was heavy oil before the announcement. Remarkably, indeed shockingly, Gil Holzman, CEO, was promoting ECO to private investors at a London South East promotional event the day before. If you believe people can be judged by the company they keep, then him sharing a promotional platform with Matt Lofgran of Nostra Terra Oil & Gas (NTOG) possibly says it all. Coro Energy (CORO) and Empyrean Energy (EME). announced their Tambak-1 well intersected the intra-Muda reservoir of the Mako field as expected and data have established the well as a successful appraisal of the Mako gas field. The interesting part is coming up for CORO and EME, since their Indonesian well now will be drilled to a total depth of around 4,005 feet to test the potential of the Tambak prospect, which is estimated as having a mid-case prospective resource potential of 250 Bcf and a geological chance of success of 45%. The impact of this drill to date has actually been negative for the share prices of both companies, but perhaps an exploration success can galvanise them. On the subject of Indonesia, Baron Oil (BOIL) announced that it has entered into a non-binding agreement to acquire SundaGas, which owns the Chuditch Block, offshore Timor-Leste, and the Telen Block, offshore Indonesia. The vendor will receive 66.67% of Baron before the fundraising. There is no indication yet as to what type of financing they will do, for what amount and at what price, so we’ll have to wait for the details to form an assessment. The shares are now suspended pending the publication of an admission document. Finally, there’s been a lot of interest in the new private blog and some confusion too, so let’s try to clarify everything. Currently, I record two podcasts each week, one mid-week and one at the weekend, and I write a blog on Sunday. All these remain the same, unchanged and free of charge. The private blog contains the information which cannot be published in the public blog and podcasts due to legal constraints and it also includes my actual trading ideas with full reasoning. It is sent out immediately by email as events dictate so you receive the information straight away. There is a charge for the private blog, but I think you’ll find the information within it is worth many times its cost. For those who are not familiar with me, I focus exclusively on small-cap oil and gas companies and know this sector inside out. I have been involved in the stock markets (both UK and US) since the early 1980s and understand exactly how the finance and promotion game works. I also have many years’ operational and corporate experience in the oil business, which enables me to see very quickly whether or not these companies are telling the truth. It’s not investment advice that I offer and if you want that, you should speak with a financial advisor. I share my take on companies and the markets and, as those who follow me know, I’m rarely wrong about these matters. This is the link to subscribe: https://www.oilnewslondon.com/oilman-jim In other news, Oilex (OEX) announced an extension of the bid closing date for Cambay, Aminex (AEX) issued a Ruvuma joint statement with Solo Oil (SOLO) who also announced the appointment of an independent non-executive director, Columbus Energy (CERP) announced a medium term funding agreement and the extension of the Inniss Trinity IPSC, SDX Energy (SDX) announced the commencement of production at South Disouq and a directorate change, Predator Oil & Gas (PRD) announced a CO2 EOR Trinidad update, Alba Mineral Resources (ALBA) announced a Horse Hill update, Echo Energy (ECHO) announced the completion of an acquisition, Range Resources (RRL) announced a continuous disclosure update and a Trinidad tax appeals update, Canadian Overseas Petroleum (COPL) announced Q3 2019 results, Touchstone Exploration (TXP) and Serinus Energy (SENX) announced third quarter 2019 results, President Energy (PPC) announced the expiry of Decree 566 and oil prices in Argentina returning to normal, Zenith Energy (ZEN) announced the filing of quarterly results, Lekoil (LEK) announced the acknowledgement of the OPL310 licence extension payment, The Parkmead Group (PMG) announced preliminary results for the year ended 30 June 2019, Cabot Energy (CAB) announced directorate and management changes and Angus Energy (ANGS) announced a Balcombe update. 

  Reabold Resources and Union Jack Oil started the week advertising upgraded potential volumes at West Newton in a pre-market RNS. After spiking the early investors, the shares moved down once the small print was digested. To quote: "The information contained herein is the Operator's internal assessment of hydrocarbons in place and should not be construed as an indication of ultimately recoverable resources in accordance with an internationally recognised standard." There's no flow test either. That was previously cancelled.  Anglo African Oil & Gas announced that it has entered into a rig option agreement, but the rig might not be available until 30 March 2020. Unfortunately, November turned out to be the date for a rig agreement, not the rig arriving as investors had hoped. The problem for them though is that paying for the drill depends on Riverfort selling shares at a higher price than now and how does that situation come about? Slippery language isn't working anymore for these companies and I see only one way for the Anglo African share price now, which is down. Sound Energy announced that James Parsons and Simon Davies have confirmed their decision to leave the Company. This follows on from the announcement that the CFO is leaving and not being replaced. Yesterday's announcement was deliberately drafted to make people think the sale of the Morocco assets is a certainty. So, it's the end game here now and it appears that they're trying one last ramp before lights out. I'm sorry if all of the above is negative, but that's what we've had this week and I'm not even including Eco (Atlantic) which I will cover in the Saturday podcast. Finishing on a brighter note though, UK Oil & Gas announced the successful completion of its Horse Hill horizontal drill. A total of approximately 2,500 ft of horizontal trajectory was drilled within the reservoir's most oil productive zone, which gives around 70 times greater exposure than in the vertical discovery well. This is why HH-2z is capable of delivering significantly greater flow rates than those seen in the vertical well. HH-2z is now being prepared for an extensive extended well test, which is expected to commence in the coming weeks and I expect to see some impressive numbers being reported here soon. Moving forwards, news from all the other companies who made announcements last week will be covered in the 

  Let's start with Block Energy, which announced the completion of drilling at well 38Z. They say that field observations at the well site indicate multiple natural fractures, and oil shows were encountered during drilling. But this isn't meant to be an exploration drill, the only issues here should be flow rates and water cut, so the choice of words may to some be concerning. Anyway, Jon Fitzpatrick of Glasgow must like it: he's just bought 3.8% of the company. Echo Energy announced that the location for the first well of its four-well exploration programme has been selected and construction works are now being finalised. They expect drilling to commence on schedule during December, possibly before. As an investment, the company has been a disaster, but let's see if this time it can break its run of constant bad luck. RiverFort Global Opportunities issued an investment update. It's not an oil and gas company as such, but finances many of the smaller ones by taking convertible loan notes. The current client list comprises Savannah Petroleum, UK Oil & Gas, Anglo African Oil & Gas (via an investor sharing agreement in its case) InfraStrata, Angus Energy and Ascent Resources. If you're into these type of companies, then you can get in on an even better basis through RiverFort, since its net asset value of 0.113p per share is 50% more than the current share price of 0.075p. And with RiverFort holding convertible loan notes and investor sharing agreements, it doesn't really have any downside risk. Tower Resources announced an operational update. It's signed a contract for the site survey at the intended well location on the company's license in Cameroon and hopes this is the final operational step before commencing drilling operations. The well, of course, is subject to financing and the key news here will be that of a farm-out. Let's see. Cabot Energy offers a cautionary tale. It has announced the proposed cancellation of admission of its Ordinary Shares to trading on AIM on Tuesday 3 December and the shares which were as high as 16p in the last year have collapsed to 1.5p bid. This is a risk for all small public companies with a majority shareholder, who no longer sees a commercial advantage to a stock market quotation, and helps to illustrate why some small oil and gas companies appear to the unwary to be unexplained bargains. Finally, the new investors at Petrel Resources want to increase their stake to 51%. Thereafter, it's anticipated that a flow of potential investment proposals will be offered to Petrel. I mentioned this company as a buy a few times at around a penny and it shot up to nearly 10 p. The big initial profit has been had here, but it's always worth keeping an eye on this. Moving forwards, news from all the other companies who made announcements last week will be covered in the Sunday blog and I'll be back mid-week with another podcast focussed on whatever interesting looking news comes along in the meantime. 

  Many drills now are underway and getting the bad news out of the way first, Petro Matad announced further disappointing drill results at Gazelle-1. They say they are casing it pending further evaluation, but in reality, it appears to be non-commercial. They also say well testing at Heron-1 is costing more than expected, so they're postponing their plans to return to drill in Block 5 during 2019. I think placing can be expected. Petro Matad's current drilling programme may now have finished, but on the bright side, I3 Energy, UK Oil & Gas, Alba Mineral Resources, Coro Energy, Empyrean Energy and Falcon Oil & Gas all continue to drill. Next up per their announcements will be 88 Energy, whose Alaska well is planned for February next year and it's a big one targeting 1.6 billion barrels. Looking at the list, UKOG and 88E would be my favourites here. Another company hoping to drill in Alaska either this winter or in spring next year is Pantheon Resources, who want to drill a minimum of two wells, subject to completion of a successful farm-out. Therefore, assuming they actually have valuable acreage attractive to a farm-in partner, it was rather surprising to see them announce that Halliburton will transfer their entire working interests in the leases to them in exchange for Pantheon accepting responsibility for future lease obligations. It appears that Halliburton views the Pantheon acreage as having no value at all, in fact being more of a liability than an asset. This isn't really a surprise to those who follow this company, but how on earth does it continue to maintain a £90 million market cap? The most interesting question is who supports the share price of this company - and why? Bahamas Petroleum Company posted its open offer circular to shareholders. The offer is 1 new share in the company for each 5 shares held, at a price of 2 p per share. 338 million new shares are being offered and they're hoping to raise 6.8 million pounds. Key here and the actual purpose of the offer in my opinion having previously denied they were planning a placing to institutional shareholders, is that in the event not all of the shares offered in the open offer are subscribed for by shareholders, they will seek to place any unsubscribed shares. I think they're hoping that the shorts will take it up to cover. If not, the placing is underwritten for 1 million dollars, so at least the management get to keep paying their salaries. My opinion on Bahamas Petroleum remains the same. Wait and see if they actually can raise the funding for their drill and review the situation then. Tower Resources, which I mentioned as a good bet on Wednesday, saw a decent amount of buying as a result with the share price firming up over 0.4 p. Tower is also issuing 50 million shares in lieu of fees and, with an admission of the first tranche of placing shares and the fee shares taking place on Monday, we could be seeing some of this stock hit the market next week. If the price comes back under 0.4 p, that could offer another good buying opportunity. Down at this level, I think the odds are probably very much in the buyer's favour. Moving on, news from all the other companies who made announcements last week will be covered in the Sunday blog and I'll be back mid-week with another podcast focussed on whatever interesting looking news comes along in the meantime. 

  The fun and games continue at Bahamas Petroleum. Having failed to raise the necessary $20 - 25 million at a rumoured 1p, on Thursday it announced an open offer to raise £7 million at 2p, probably hoping that shorts would cover by taking the placement of the unsubscribed open offer shares. It's now trading back under 2p, so it looks unlikely that either existing shareholders or shorts, if any, will be subscribing. My opinion remains unchanged. Wait until they are fully funded and look at them then.  Europa Oil & Gas announced the final results. As expected they made a loss, but the important thing is they have sufficient cash to keep going and the numbers don't really matter that much anyway, because it's all about whether they can farm-out one or more of their portfolio of licences. Most interesting is Inishkea, where they are focusing on being in a position to drill at the earliest opportunity. They say they are in farmout discussions with a number of parties, including a major oil company, with whom they previously announced that they had negotiated a farm-out. Who knows what the truth is here, but any farm-out by Europa would propel the shares significantly higher. Amerisur Resources announced a strategic review and an update on their formal sale. They say that multiple well-funded parties are engaged in the process. Revised bidding instructions have now been issued to interested parties, inviting firm proposals to acquire the entire issued share capital of the company. They are seeking to conclude the formal sale process before the end of they year. Trading just a penny over the previous offer level of 17p, it could be an interesting bet. UK Oil & Gas announced that coring operations are underway at Horse Hill. The coring programme has been increased from three to a total of four 60 ft cores, covering the full 240 ft Upper Portland reservoir sequence. The first 60 ft core was successfully landed at surface yesterday morning and operations to cut the second core are in progress, with the full programme expected to be completed next week. The additional 60 ft core number 4 is in response to the receipt of a revised Horse Hill-1 petrophysical interpretation from Petroscale in Houston, Texas, which indicates that the field's oil-water contact may be significantly deeper than previously recognised. If correct, the deeper oil-water contact would increase the field's oil in place and recoverable volumes, potentially significantly beyond those previously reported. UKOG holds an 85.635% interest in the Horse Hill oil field and Alba Mineral Resources has an 11.765% stake in Horse Hill too. Both companies have significant upside. Moving on, news from all the other companies who made announcements last week will be covered in the Sunday blog and I'll be back mid-week with another podcast focussed on whatever interesting looking news comes out in the meantime. 

  Falcon Oil & Gas announced the spudding of the Kyalla 117 N2-1 appraisal well in Australia. There are now 7 companies currently drilling.  In addition to Falcon, there's Petro Matad, I3 Energy, UK Oil & Gas, Alba Mineral Resources, Coro Energy and Empyrean Energy.   UKOG and ALBA both updated this week, announcing that casing has been set.  The well will now drill down to the coring point, where three 60 ft cores are planned through the oil-bearing Portland reservoir to ensure the 1000 metre horizontal section is correctly positioned within the most oil-productive zone.  The well will then drill ahead to total depth and be plugged back to the starting point of the horizontal trajectory with HH-2z following directly afterwards.  Both HH-2z Portland and the HH-1 Kimmeridge well are expected to be put into long term production by the end of 2019.   Reabold Resources went through its usual placing drama, although a little more than usual since it was raising £24 million this time.  I think what's happening is happening because its placings are extensively forward sold and I doubt they could raise these amounts as actual investments.   Solo Oil made an interesting announcement.  It's entered into a binding sale and purchase agreement to acquire a package of non-operated interests in natural gas fields in the Dutch sector of the North Sea.  Three interests are in 14 gas fields, producing c.99% gas / 1% condensate and are mid-life assets with relatively low abandonment expenditure.  The aim is a self-funding balance sheet going forward with follow on development potential funded by re-investment of free cash flow since it's classed as a reverse takeover, it shares have been suspended and it will be possible to express an informed opinion once the admission document is published.   Jersey Oil & Gas shares came off sharply when it announced that Equinor had elected not to exercise its three  month option over a 50% equity interest in respect of the blocks containing the Buchan oil field and the J2 oil discovery.  The interesting thing about this is that it was already obvious Equinor was not proceeding from the previous day's announcement that Jersey had by itself made development contractor appointments.  They tried to stabilise the price with the announcement of an independent assessment of resource and valuation estimates showing technically recoverable oil resource volumes of 94.7 million barrels of oil net to JOG and a mid-case contingent resource valuation (NPV10) of its P2498 licence together with a valuation of JOG's 18% share of the Verbier discovery of £791 million.  Jersey's now reduced market capitalisation currently is around £40 million.   Moving on, news from all the other companies who have made announcements so far this week will be covered in the Sunday blog and I'll be back on Saturday with another podcast focussed on whatever interesting looking news comes out in the remainder of the week. 

  Three companies currently are underway with their drilling programmes: I3 Energy, Petro Matad and Hurricane Energy, which announced the spud of its Warwick West well earlier this week.  Petro Matad awaits the test results of Heron-1 and the initial drill results of Gazelle-1. I3 Energy is awaiting the spud of its Serenity exploration well, with the Liberator appraisal well delayed pending the processing and interpretation of new seismic data.  Pending the outcome of the drills, I think the latter two are purely for trading. Of those with drills coming up and another one operating in the North Sea, Independent Oil & Gas announced the settlement of its 100 million Euro bond raise, fully funding them for their core project next year. In the meantime, data acquired from the Harvey well is now undergoing analysis to generate a revised technical assessment of reservoir gas volumes and deliverability. Onshore UK, Alba Mineral Resources and UK Oil & Gas announced the arrival of the rig at Horse Hill.  The spud of the Portland horizontal well is expected imminently.  Drilling operations are expected to be completed in approximately 60 days. Empyrean Energy and Coro Energy announced the mobilisation of the jack up rig from Singapore, which is now en route to the location for the first well offshore Indonesia.  The campaign will comprise of two wells, one to appraise the Mako gas field discovery and one to both appraise the Mako gas field at another location  and test the deeper Tambak prospect. Current favourites out of the above are UK Oil & Gas and, to a lesser extent, Independent Oil & Gas.  Coro might have some potential too. Petrel Resources announced the appointment of Michel Fayad to the Board.They now aim to acquire and fund a big project in the Middle East & North Africa region.  I stated Petrel as a favourite at around 1p, it's now close to 10p - and perhaps going higher still. Block Energy No surprises for blog readers in today's RNS.  Instead of the touted 1,100 barrels of oil per day, production actually turned out to be 230 barrels of liquid a day with a water cut of 78% That's just 50 barrels of oil per day, but still outdoes Reabold Resources, who after a year of supposed production and announcements of wells coming in at several hundred barrels a day, were only able to announce actual net production of 20 barrels of oil per day.  Again, this will be no surprise to blog readers Ending with some better quality companies which actually do produce commercial quantities of oil, Serica Energy and RockRose Energy announced interims with strong numbers.  Further acquisitions will be the big share price driver with these two. I'll be back at the weekend with more on the podcast. In the meantime, all the small-cap oil companies are covered in the blog and daily on Twitter. 

  Share Talk first came across Jim Tweets (https://twitter.com/Oilman_Jim) a couple of years ago and we would read his weekly blog (https://www.share-talk.com/category/oilman-jim/) that covered all the highs and lows with a look back at some of the interesting news stories from London’s junior oilers. Followers, subscribers will be aware that we now publish the weekly bog that @Oilman_Jim (https://twitter.com/Oilman_Jim) publishes each Sunday. We are happy to be able to announce that Jim has agreed to publish a podcast covering some of the junior oilers he is interested in. UK Oil & Gas PLC (LON: UKOG) (https://www.share-talk.com/uk-oil-gas-plc-lonukog-the-week-that-changed-everything/) The Week that changed everything! On Tuesday we had the update of the Completion of Acquisition (https://www.share-talk.com/uk-oil-gas-plc-lonukog-completion-of-acquisition-in-horse-hill-2/) in Horse Hill. Wednesday the Surrey County Council Planning and Regulatory Committee granted full planning consent (https://www.share-talk.com/uk-oil-gas-plc-lonukog-horse-hill-granted-long-term-production-consent/) for long-term oil production at the Company’s flagship Horse Hill oil field near Gatwick Airport. This landmark milestone, perhaps the most significant event at Horse Hill since the HH-1 oil discovery, paves the way for the Company to realise the full value of future long-term production from the Horse Hill oil field. i3 Energy PLC (LON: I3E) (https://www.share-talk.com/i3-energy-plc-loni3e-liberator-well-13-23c-9-preliminary-result/) Liberator Well 13/23c-9 Preliminary Result. Announces that the 13/23c-9 pilot well drilled by the Borgland Dolphin on i3 Energy’s 100% owned Liberator Field has reached total depth at 5818 ft True Vertical Depth Sub-sea (TVDSS) in the Valhall formation. Petro Matad Ltd (LON: MATD) (https://www.share-talk.com/petro-matad-ltd-lonmatd-heron-1-results-of-drilling-and-wireline-logging/) Heron-1, results of drilling and wireline logging. Data were consistent with our pre-drill prognosis, there is also evidence of zones with better than expected porosity/permeability characteristics. The well will now be tested and we are pushing the contractor to mobilise equipment as quickly as possible. Further updates will be provided in due course. Zenith Energy Ltd (LON: ZEN) (https://www.investegate.co.uk/zenith-energy-ltd--zen-/rns/successful-drilling-results/201909090700086256L/) Successful Drilling Results. The Company confirms that the deepening of well C-37 has successfully identified three untapped oil-bearing clastic layers in the Middle Eocene formation with a total net pay zone of approximately 16 metres. Reabold Resources (LON: RBD) (https://www.investegate.co.uk/reabold-resources--rbd-/rns/successful-appraisal-well-at-parta-licence-romania/201909090700086252L/) Successful Appraisal Well at Parta Licence Romania. The announcement made by ADX Energy Ltd ("ADX") regarding an update on the drilling of the Iecea Mica-1 ("IM-1") appraisal well, located within the Parta license, onshore Romania. Drilling has been completed safely and hydrocarbons have been discovered in multiple zones. Reabold holds 37 per cent. equity interest in Danube Petroleum, which has 100% working interest in the sole risk area within the Parta licence that includes IM-1, as well as 50 per cent. of the remainder of the Parta licence. ADX is the operator of the well. ANGLO AFRICAN O&G (LON: AAOG) (https://www.share-talk.com/anglo-african-og-lonaaog-board-changes/) Board Changes. David Sefton has made the decision to resign his position as Executive Chairman and as a director of the Company. David has been instrumental in the development of the Company since 2016. Still no cash from China for Providence Resources (LON: PVR) (https://www.investegate.co.uk/providence-res---pvr-/gnw/providence-resources-p-l-c----conditional-placing-to-raise-us-3-76-million/20190912070000H2345/) and Lansdowne Oil & Gas (LOGP), however, PVR has started the Barryroe site survey regardless. Absent receipt of funds, both PVR and LOGP are going to have to obtain financing virtually immediately. Providence Resources (LON: PVR) (https://www.investegate.co.uk/providence-res---pvr-/gnw/providence-resources-p-l-c----conditional-placing-to-raise-us-3-76-million/20190912070000H2345/) Conditional Placing to raise US$3.76 million 

Ryan Kia of Quantium Research summarises updates from: Galliford Try (GFRD), UK Oil & Gas (UKOG), 88 Energy (88E), alongside possible trade set-ups on Metro Bank (MTRO).

Special Guest Iain joins visiting TUP all the way from Spain to tell us about Iran and UK oil tanker tensions, Why we should talk about world war 3 and not Donald Trump's racist tweets and how there is too much Boris Johnson No Deal talk in the Mainstream media. #Trumpisaracist #WW5 #WW3 ================================================== Support TUP and gain some cool benefits in the process: Patreon.com/tup Join in the community over on our Facebook group for more discussion: bit.ly/tupgroup Check out our interviews and video content over on YouTube: bit.ly/tupyt And you can also troll us on twitter @TheTUPShow

Bret Baier says this is a continued escalation from Iran.

UK Oil & Gas PLC (London AIM: UKOG), the largest onshore licence acreage holder in Weald Basin, is pleased to announce that, following the successful production testing and declaration of Portland commercial viability at its Horse Hill oil field (in which the Company holds a 46.735% interest), the Company has now completed a strategic review of its asset portfolio and finalised forward plans to drill up to nine production, appraisal and exploration wells during 2019 and 2020. The plan’s initial focus is to move Horse Hill’s ongoing test-based oil production into permanent production by the end of 2019 via two new horizontal production wells. As previously reported, the Portland production target of 720-1,080 barrels of oil per day (“bopd”) from the first horizontal well, which has been externally verified as a realistic and viable expectation by Xodus Group Ltd (“Xodus”), is designed to position Horse Hill as the Weald Basin’s leading oil producing companies. Subsequent horizontal wells in 2020 are designed to boost gross production to over 2,000 bopd, potentially placing UKOG within the top three oil producing companies in the UK onshore sector. Next year, the plan aims to convert around 15.6 million barrels (“mmbbl”) of the Company’s net discovered conventional recoverable resources (or “Contingent Resources”) into Reserves. Consequently, the programme includes the drilling and long term testing of an appraisal well in the PEDL331 Arreton oil discovery (UKOG 95% interest), where the majority of the company’s currently assessed Contingent Resources lie, together with appraisals in the PEDL234 Godley Bridge gas discovery and Broadford Bridge oil discovery (UKOG 100%). Further Portland and Kimmeridge exploration wells at PEDL331 Arreton South and at a third site in PEDL234 are also planned later in 2020. A Gantt chart summarising the programme is available on UKOG’s website www.ukogplc.com. Further details are summarised below. [Please Click Link](https://www.share-talk.com/uk-oil-gas-plc-lonukog-2019-2020-strategy-and-drilling-plans-2/)

On the 15 November 2018, UKOG made a market announcement on the EWT (Extended Well Test) Portland & Kimmeridge Oil Discovery, Horse Hill-1, Weald Basin, UK. Share Talk spoke with Stephen Sanderson today and he explains in more depth the figures, technical released. In Stephen own words "the Kimmeridge zone is alive and kicking"  K3 limestone zone has been tested and is commercially viable with the rates we have produced. We are now testing the upper layer in K4 Kimmeridge Limestone Zone. Looking at an average rate of production of 342 barrels per day, with various choke setting used we achieved a maximum rate of 902 barrels a day. The results clearly show this is the best producing well onshore in the UK outside of Wytch Farm well. UKOG is moving away from an exploration company, to production with rates that generate gross £20 million per year and looking to drill more multiple wells that will add further value to UKOG. [Full RNS 15th Nov 2018](https://www.investegate.co.uk/uk-oil---38--gas-plc--ukog-/rns/ewt-update--portland---kimmeridge-oil-discovery/201811150700034007H/)

Paul Rodriguez of [Thinktrading.com ](http://thinktrading.com/)with Zak Mir of [www.Zakmir.com](https://zakmir.com/) @zakstraderscafe join Industry expert Paul Vonk, Managing Director of UK Oil & Gas Onshore Producer[Angus Energy](http://www.angusenergy.co.uk/).

We talk to Stephen Sanderson, Chief Executive of UK Oil & Gas, about the RNS released yesterday regarding the latest flow test results. We also inquire about the company plans to reach full production in the future.  #UKOG #ENERGY

In this Episode of Oil & Gas This Week – Zinke announces largest oil & gas lease sale in US history, OPEC’s newest member looks to increase oil production output, the Permian Basin’s boom may be coming to an end, Traders are betting on $100 oil in 2018, The Oil Crisis in the Middle East thickens, UK Oil & Gas costs double if Brexit fails. Have a question? Click here to ask. Show Notes & Links: 2017 on the road sponsors: Totaland  The World’s Most Advanced Field Land Management System The Landman’s Virtual Office https://www.totaland.com Lee Hecht Harrison As global experts in talent management, LHH is currently helping 75% of the Fortune 500 Oil & Gas companies simplify the complexity of leadership and workforce transformation.  http://www.lhh.com API-YP Events Stories: Zinke announces largest oil and gas lease sale in U.S. history  OPEC's Newest Member Looks To Raise Oil Production  The Permian Boom Is Coming To An End  Traders Are Betting On $100 Oil In 2018  A New Oil Crisis Is Developing In The Middle East  UK Oil And Gas Costs To Rise 100% If Brexit Fails  Weekly Rig Count As of 10/29/2017 – The American Rig count is 1009 active rigs. Redwing Has A Winner! Brian Broussard, Production Engineer at ConocoPhillips you’re this week’s winner! Congrats! CLICK HERE TO ENTER FOR YOUR CHANCE TO WIN! Get Mark’s Monthly Events Email Get Automatically Notified About Oil & Gas Events Once a Month Connect with Us OGGN LinkedIn Group OGGN Facebook Group Join API-YP Jake Corley   | Facebook | LinkedIn | Email | Wellhub Mark LaCour | Facebook | Twitter | LinkedIn | Email | modalpoint.com SaveSave

We spoke with Andrew Bell, Chairman of Regency Mines Plc (AIM:RGM) about their Horse Hill RNS and subsequent investment in UK Oil & Gas Investments Plc (AIM:UKOG). We also put a number of shareholder questions about RGM's US Coal projects to Andrew. Listen to what he had to say here. #RGM #UKOG

Platts Stuart Elliott, associate editorial director, Europe and Africa oil news, and Nick Coleman, Platts senior editor in London, discuss the implications for the UK's oil sector of the Conservative Party victory in the May 7 UK general election, the rise of the Scottish Nationalist Party and what...

Stephen Sanderson CEO of UK Oil and Gas talks about their £336bn Oil Discovery in Weald Basin, Surry UK. For more news and interviews visit: http://www.directorstalk.com http://www.directorstalkinterviews.com #oil #uk # #gas

AfriAg plc Executive Chaiman David Lenigas talks to DirectorsTalk about how business is booming and plans for growth going forward. Mr. Lenigas holds a Bachelor of Applied Science Degree in Mining Engineering. He served as Executive Chairman of London listed Lonrho Plc from 2006 to September 2012 and was in charge of Lonrho Plc’s expansion into over 20 countries in Africa with its main focus on agri-logistics. He has extensive experience operating in the public company environment across the UK, African, Canadian and Australian markets. He also serves as a Executive Chairman of a number of other publicly listed companies including Rare Earth Minerals Plc and UK Oil and Gas Plc. For more information about AfriAg plc visit: http://www.afriag.com/ For more News and Interviews visit: http://www.directorstalk.com #AfriAg #africa #investing #business #trading #stocks #shares #money